75 Sherman Street

Portland, ME 04101

MLS ID# 1504504 Closed

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Closed $1,175,000

5046 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Details

Description

Investment opportunity in Portland's ever-evolving Parkside Neighborhood. 75 Sherman Street has nine apartments with good layouts and tremendous potential for upside. Located within walking distance to all the best bars, bakeries, and restaurants Portland has to offer, these simple, straightforward units and solid bones make this incoming producing equity builder a great first (or next!) investment. Investment opportunity in Portland's ever-evolving Parkside Neighborhood. 75 Sherman Street has nine apartments with good layouts and tremendous potential for upside. Located within walking distance to all the best bars, bakeries, and restaurants Po... show more

Location Information

• Street # 75
• Street Name Sherman
• Street Type Street
• County Cumberland
• Town Portland
• State/Province ME
• Zip Code 04101
• Zip +4 2262
• Leased Land No
• Book 31219
• Page 234
• Map 48
• Block D
• Lot 17
• Zoning R6
• Zoning Overlay No
• Tax ID PTLD-000048-D000017-000001
• Association No
• Full Tax Amount 12536
• Tax Year 2020

Property Information

• Surveyed No
• Seasonal No
• Owner Occupied No
• Deed Restrictions Unknown
• Number of Units 9
• Total Baths 9
• Total Full Baths 9
• Total Half Baths 0
• Color Tan
• Year Built 1910
• SqFt Finished Above Grade 5046
• SqFt Finished Below Grade 0
• SqFt Finished Total 5046
• SqFt Source Public Records
• Garage No
• Lot Size Acres +/- 0.08
• Source of Acreage Public Records
• Road Frontage No

Compensation & Misc Info

• Buyer Agency 2.5%

Details

• Site

  Sidewalks

• Roads

  Public

• Water Info

  No Water Frontage, No Water View

• Building Info

  # Stories:3

• Income & Expenses

  Gross Income:124600, Operating Expenses:26131

• Units

  # of 1 BD Units:7, # of 2 BD Units:2, # of 3 BD Units:0, # of 4+ BD Units:0

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:1229, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  No Lease, Level:First, Security Deposit, Monthly Rent:1250, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:First, Security Deposit, Monthly Rent:1100, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  No Lease, Level:Second, Security Deposit, Monthly Rent:1000, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 5

  Lease, Level:Second, Security Deposit, Monthly Rent:1229, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 6

  No Lease, Level:Second, No Security Deposit, Monthly Rent:1100, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 7

  No Lease, Level:Third, Security Deposit, Monthly Rent:1000, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 8

  Lease, Level:Third, Security Deposit, Monthly Rent:1250, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 9

  Lease, Level:Third, Security Deposit, Monthly Rent:1229, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  Multi-Level

• Construction

  Wood Frame

• Basement

  Full

• Basement Entry

  Interior

• Exterior

  Clapboard, Vinyl Siding

• Roof

  Shingle

• Heat System

  Forced Air, Hot Water

• Heat Fuel

  Gas Natural

• Water Heater

  Gas

• Cooling

  None

• Floors

  Other

• Driveway

  No Driveway

• Parking

  No Parking

• Vehicle Storage

  No Vehicle Storage

• Electric

  Circuit Breakers

• Utilities

  No Utilities On

• Gas

  Natural - At Street

• Sewer

  Public Sewer

• Water

  Public

• Sold Info

  Buyer's Zip Code:04101, Appraiser:017192, Appraiser Name:Jessica Locke, Appraiser Phone Number:207-774-6226, Appraiser Email Address:[email protected]

• Sold Terms

  Conventional

• Sold Terms Other

  Not Applicable