Residential Income in Portland

$1,319,000

146 Sherman, 04101, Portland, ME

Residential Income for sale in Portland, 146 Sherman, 04101

146 Sherman, 04101, Portland, ME

$1,319,000

6Bath
Type: Residential Income

Description

Prime 5-unit multifamily investment opportunity in Portland's desirable West End in Parkside. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. The current owner has offered the units to his employees at a discounted rental rate. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset. Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.

Location

146 Sherman, 04101, Portland, ME

Data

Object TypeResidential Income
Purchase Price$1,319,000
Living Space0 m²
Plot Size404.69 m²
Bathrooms6
Construction Year1910
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeGas Natural, Baseboard, Forced Air, Hot Water, Zoned, Radiator
Primary Energy SourceN/A
Construction Year1910
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

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Real Estate Agent