493-497 Cumberland Avenue, Portland, ME 04101 (MLS# 1331364)
493-497 Cumberland Avenue, Portland, ME 04101
$1,610,000
Property Type:
Multi-Family
Baths:
18
Square Footage:
18,048
Lot Size (sq. ft.):
9,583
Status:
Closed
Current Price:
$1,610,000
List Date:
11/01/2017
Last Modified:
8/22/2024
Description
F.O. Bailey is pleased to offer this rare opportunity to purchase a well maintained, fully-occupied, 18-unit, multi-family two building package w/ parking. 493 Cumberland Ave 6 Unit: Four-1 bedroom, Two-2 bedroom, great candidate for condo conversion. 497 Cumberland Ave 12 Unit: Ten -1 bedroom, Two-2 bedroom. Parking for six vehicles. Property is on a single deed but each building is taxed separately by the city. Excellent Investment Property. Please sign & return the Confidentiality Agreement for financials.
Supplements: ********
More Information MLS# 1331364
Location Information
Street #: 493-497
Street Name: Cumberland
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2219
Leased Land: No
Book: 11982
Page: 306
Map: 48
Lot: 21,22
Zoning: R-6
Association: No
Full Tax Amount $: 21506
Tax Year: 2016
Geo Lat: 43.655218
Geo Lon: -70.268811
Contract Information
Status: Closed
Original List Price: 1749000
Sold Price: $1,610,000
Current Price: $1,610,000
Property Information
Surveyed: No
Seasonal: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed Restrictions: Unknown
2 Detached Houses on 1 Lot: Yes
Number of Units: 18
Total Baths: 18
Total Full Baths: 18
Color: White
Year Built: 1910
SqFt Finished Above Grade: 18048
SqFt Finished Total: 18048
SqFt Source: Public Records
Lot Size Acres +/-: 0.22
Source of Acreage: Public Records
Road Frontage: No
Status Change Info
Pending Date: 2017-11-20
Closed Date: 2018-02-20
Closed Price: 1610000
Water Info
Water Frontage: No
Water View: No
Building Info
# Floors: 3
# Heating Units: 2
# Water Heaters: 2
Units
# of 1 BD Units: 14
# of 2 BD Units: 4
Utilities
Utilities On: No
Sold Info
Appraiser Email Address: dpierce3@maine.rr.com
Property Features
Site: Level; Open; Sidewalks
Location: Intown; Near Railroad; Near Shopping; Near Turnpike/Interstate
Roads: Paved; Public
Transportation: Major Road Access; Near Airport; Public Transport Access
Recreational Water: Nearby
Style: Federal; Mansard
Construction: Wood Frame
Basement: Bulkhead; Full; Unfinished; Walk-Out Access
Basement Entry: Bulkhead; Interior
Foundation Materials: Brick/Mortar; Granite; Poured Concrete; Stone
Exterior: Vinyl Siding
Roof: Tar/Gravel
Heat System: Radiant; Radiator
Heat Fuel: Gas Natural; Oil
Water Heater: Off Heating System
Cooling: None
Floors: Carpet; Vinyl; Wood
Amenities: Laundry - Coin; Storage
Patio and Porch Features: Deck
Equipment: Cable; Other Equipment
Green Features: Low-Flow Fixtures
Driveway: Common; Paved
Parking: 5 - 10 Spaces
Vehicle Storage: No Vehicle Storage
Restrictions: No Restrictions
Electric: Circuit Breakers; On Site
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Deed Public Access ›Listing Office: F.O. Bailey Real Estate
Last Updated: August - 22 - 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.
