Portland Multi-Family

Multi-Family for Sale
Catylist Listing ID: 30426277
Property Subtypes: Mid-Rise
Number of Units: 10 Units
Building Size (RSF): 4,745 SF
Sale Price: $1,500,000
Unit Price: $150,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,745 SF
Sale Terms: Cash to Seller
Cap Rate: 6.7%
Last Updated: 7/19/2019

Overview / Comments

We are pleased to offer a 10 unit multi-family investment property for sale. 8 Alder Street is located in the Downtown area on the corner of Alder and Cumberland. Each of the units were renovated in 2018 and there is off street parking, asking price is $1,500,000 which would be a 6.7% cap rate.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $9,365 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 033 J017001
Zoning: B3
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 5
Year Built: 1949
Year Renovated: 2018
Parking Type: Surface
Total Parking Spaces: 8
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,021 78,550 111,093
Median Age: 33.7 38.07 39.15
Households: 14,009 36,466 50,070
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