Closed
41 Chestnut Street
Portland ME, 04101
$3,150,000
Closed
16 Baths
15,620 sqft
Multi-family
Built in 1900
Courtesy of Porta & Company
- 16 exempt, value-add units for sale on Portland's peninsula.
- Exempt from City of Portland Rental Control Ordinance
- Multi-Family building comprised of 16 units totaling 12,496+- SF
- Spacious and efficient layout, all units with three-bedrooms on 4-stories
- Exceptional cash-flow opportunity at an opportune time to invest in a growing neighborhood on Portland's peninsula
- Professionally managed building protected by code-compliant, centrally monitored alarm and sprinkler system
- Walkable to Old Port, Downtown Business District District and Whole Foods/Bayside Area
- Projected Cap Rate: 9.22%
- Sale Price: $2,995,000
1520688
MLSⓇ ID
May 9, 2024
Updated
Map
41 Chestnut Street
Portland ME, 04101
Interior Features
Total Stories
4
Total Bathrooms
16
Floor Description
Wood, Vinyl, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Level, Intown, Neighborhood
Architectual Style
Multi-Level
Roof
Flat, Membrane
Sewer
Public Sewer
Other Property Details
Taxes
$32,244
Tax Frequency
Annually
Garage
No
Parking
1 - 4 Spaces, Paved
View
No
County
Cumberland
Water Source
Public
Pool
No
Zoning
R6
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
10/13/2023 | Sold | $3,150,000 |
Listing Contact: 207-713-6995
Bought with RE/MAX Riverside and Listed by Porta & Company
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Data last updated 1:10 PM UTC, 5/9/2024