25 Granite Street, Portland, ME 04102 (MLS# 1480477)

25 Granite Street, Portland, ME 04102

$2,680,000
Property Type: Multi-Family Baths: 12 Square Footage: 9,816 Lot Size (sq. ft.): 12,632 Status: Closed
Current Price: $2,680,000 List Date: 1/23/2021 Last Modified: 1/06/2025

Description

Exceptional building and excellent investment opportunity! 25 Granite Street has much to offer the tenant as well as the investor: a few steps from the USM Law School and the main campus, off street parking, efficient Rinnai Heaters, 4 of the units have dedicated outside space, and another 4 have private roof top decks with great city views! Built as an Inn, circa 1750, and added onto in the early 20th century creating a nice mix of 1 & 2 bedroom units with 4 units retaining ornamental fireplaces. Additionally there is a coin-op laundry and dedicated tenant storage space. A few years after the current owner purchased the property its trajectory was for condo conversion so all systems were updated to include: new roof, windows, heating systems, siding,plumbing, wiring, kitchens and baths, and roof top decks. In the last few years a number of the units have been redone to stay fresh. The market shifted dramatically 08-09 so it remained and still is today a great 12 unit investment opportunity!

Supplements: ********

More Information MLS# 1480477

Location Information

Street #: 25 Street Name: Granite Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04102 Leased Land: No Book: 21692 Page: 141 Map: 51 Block: E Lot: 21 Zoning: residential Zoning Overlay: No Association: No Full Tax Amount $: 12662 Tax Year: 2020 Geo Lat: 43.660006 Geo Lon: -70.278122

Contract Information

Status: Closed Original List Price: 2750000 Sold Price: $2,680,000 Current Price: $2,680,000

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Number of Units: 12 Total Baths: 12 Total Full Baths: 12 Color: Yellow Year Built: 1910 SqFt Finished Above Grade: 9816 SqFt Finished Total: 9816 Garage: Yes Garage Spaces: 1 Lot Size Acres +/-: 0.29 Source of Acreage: Public Records

Status Change Info

Pending Date: 2021-01-29 Closed Date: 2021-04-16 Closed Price: 2680000

Water Info

Water Frontage: No Water View: No

Building Info

# Fireplaces: 4 # Stories: 3 # Floors: 3 # Heating Units: 24 # Water Heaters: 1

Units

# of 1 BD Units: 5 # of 2 BD Units: 7

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1445 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1350 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1400 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1295 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1495 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1395 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1650 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1590 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1800 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1375 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1795 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 1650 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: dpierce@maine.rr.com

Property Features

Site: Sidewalks; Well Landscaped Location: Near Shopping; Near Town; Neighborhood Roads: Paved; Public Transportation: Near Airport Style: Other Construction: Wood Frame Basement: Crawl Space; Full; Unfinished Basement Entry: Interior Foundation Materials: Granite Exterior: Vinyl Siding Roof: Flat; Membrane Heat System: Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Gas; Off Heating System; Separate Booster Cooling: None Floors: Tile; Vinyl; Wood Window Features: Double Pane Windows Amenities: Laundry - Coin; One-Floor Living Patio and Porch Features: Deck Equipment: Cable Driveway: Paved Parking: 11 - 20 Spaces; Off Street; Paved Vehicle Storage: 1 Car; Detached Electric: Circuit Breakers Gas: Natural - On Site; Underground Sewer: Public Sewer Water: Public

Documents

Listing Office: Morrison Real Estate
Last Updated: January - 06 - 2025
25 Granite Street, Portland, ME 04102- MLS# 1480477
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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