146 Sherman Street

Portland ME 04101

5650 sq. ft.

4356 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

6 bathrooms

5650 sq. ft. floor area

4356 sq. ft. lot size

Multi-Family

Property history for 146 Sherman Street

2019

Sold

$950,000

24 Sep 2019 by Briton Vitalius, of Vitalius Real Estate Group

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