471 Cumberland Avenue, Portland, ME 04101 (MLS# 1371925)
471 Cumberland Avenue, Portland, ME 04101
$1,750,000
Property Type:
Multi-Family
Baths:
14
Square Footage:
12,038
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$1,750,000
List Date:
1/25/2020
Last Modified:
12/28/2024
Description
14 unit apartment building in Portland's Parkside neighborhood. (10) 1 Bedrooms and (4) 2 Bedrooms. 7 out of the 14 units have been totally remodeled with granite, cabinets, bathrooms, etc. Leaving the new owner very little work to do. This recently has had updated electrical as well. All rents are under-market offering lots of upside in a location that is close to 295/95, Old Port and Maine Medical center. 6.64% Cap Rate
Supplements: ********
More Information MLS# 1371925
Location Information
Street #: 471
Street Name: Cumberland
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Leased Land: No
Book: 33042
Page: 066
Map: 36
Block: F
Lot: 15-16
Zoning: R7
Zoning Overlay: No
Association: No
Full Tax Amount $: 19142
Tax Year: 2018
Geo Lat: 43.655495
Geo Lon: -70.267465
Contract Information
Status: Closed
Original List Price: 2000000
Sold Price: $1,750,000
Current Price: $1,750,000
Property Information
Surveyed: Unknown
Seasonal: No
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Number of Units: 14
Total Baths: 14
Total Full Baths: 14
Color: Beige
Year Built: 1900
SqFt Finished Above Grade: 10248
SqFt Finished Below Grade: 1790
SqFt Finished Total: 12038
Garage: No
Lot Size Acres +/-: 0.13
Source of Acreage: Public Records
Road Frontage: No
Status Change Info
Pending Date: 2020-01-24
Closed Date: 2020-04-28
Closed Price: 1750000
Water Info
Water Frontage: No
Water View: No
Building Info
# Floors: 3
# Heating Units: 1
Units
# of 1 BD Units: 10
# of 2 BD Units: 4
Utilities
Utilities On: Yes
Sold Info
Appraiser Email Address: jason@mainelandconsultants.com
Property Features
Site: Sidewalks
Location: Historic District; Intown
Roads: Paved; Public
Transportation: Public Transport Access
Recreational Water: Nearby
Style: Other; Victorian
Levels: Multi-Level
Construction: Wood Frame
Basement: Daylight; Finished; Full; Walk-Out Access
Basement Entry: Interior
Foundation Materials: Brick/Mortar; Stone
Exterior: Shingle Siding
Roof: Shingle
Heat System: Forced Air; Hot Water
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: None
Floors: Carpet; Vinyl; Wood
Window Features: Double Pane Windows
Amenities: Laundry - Coin
Equipment: Cable
Driveway: Paved
Parking: 5 - 10 Spaces; Off Street
Restrictions: No Restrictions
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Deed Public Access ›Listing Office: F.O. Bailey Real Estate
Last Updated: December - 28 - 2024
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.
