$2,450,000
1 North Street
Portland
Listing Courtesy of
Benchmark Real Estate
1 North Street, Portland, ME 04101
Outstanding is an understatement when describing this remarkable mixed use multi-unit offering. Located at the center of Portland's vibrant, eclectic and uber desirable Munjoy Hill/ East End, locations don't get better than this. Walk Score calls this a 'walker's paradise' with everything you want and need within blocks. Located in a B1 zone, the property is home to a mix of residential and commercial uses. The corner commercial unit is home to Belleville (BLVL), an acclaimed and thriving bakery and coffee shop. The 5 remaining units are condo-ready-quality and fully updated 1 bedroom, 1 bath residential apartments. Each unit is bathed in natural light and each looks out onto local landmarks (neighboring homes and the Portland Observatory), the city skyline and even toward the setting sun over Back Cove. Units enjoy separate utilities, super-efficient heat and hot water and each rent is at-market. Over the past decade the current owners have gone unit by unit to update everything from the foundation to the roof to create something outstanding. Just outside the door you are instantly in the heart of the East End and a short walk to inner Washington Ave, the Old Port, in-town, Portland Foreside, East End beach, Eastern Promenade and more. With NOI of $140K and a 5.6 CAP Rate this is not only a worry-free addition to the portfolio, it is highly profitable. Shown by appointment Monday through Friday between 10AM and 5PM with 24+ hours notice.
Listing Courtesy of
Benchmark Real Estate
DETAILS
- Listing Id1597248
- StatusActive
- TypeMulti-Family
- SeasonalNo
- Map / Lot14 / 7
- Book / Page33282 / 062
- Sq Ft Finished Above Grade4136
- Sq Ft Finished Total4136
- Total Baths6 / 0
- Waste Water DisposalPublic Sewer
- WaterPublic
- Heat SystemDirect Vent Heater
- CoolingA/C Units, None
- ElectricCircuit Breakers
- BasementBulkhead, Exterior Entry, Full, Interior Entry, Unfinished
- RoofPitched, Shingle
- FloorsCarpet, Tile, Vinyl, Wood
- GarageNo
- Lot FeaturesCorner Lot, Intown, Landscaped, Level, Near Golf Course, Near Public Beach, Near Public Transit, Near Railroad, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood, Open Lot, Rural, Sidewalks
- Parking Features1 - 4 Spaces, Off Street, On Site, Paved
- Interior Features1st Floor Bedroom, Bathtub, One-Floor Living, Other, Storage
- Laundry FeaturesWasher Hookup
- StyleMansard
- Checked For UpdatesSaturday, September 7, 2024 at 7:32 PM
- IDX Listing UpdatedWednesday, August 14, 2024 at 6:20 PM
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