About This Home
This 0-bedroom, 0-bathroom commercial at 146 Sherman Street in Portland, ME is listed for $1,319,000 ($233 per sqft). Built in 1910, the home offers 5,650 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1910
- 0.10 acre lot
Property Details
Prime 5-unit multifamily investment opportunity in Portland's desirable West End. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city.
The current owner has offered the units to his employees at a discounted rental rate. 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.
Monthly Cost Estimate
$7,054/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
146 Sherman Street
Portland, ME 04101
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 146 Sherman Street is listed at $1,319,000 ($233/sqft). The estimated monthly payment is $7,055 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910, 0.10 acre lot.
This property is listed by Christopher St.Pierre and can be reached at 2076506749.
