1 North Street, Portland, ME, 04101
6 Full baths
1904
Mansard
4,136 sqft
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.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Washer Hookup
Units:
6
Zoning:
B1
Frontage:
125
Subdivision:
Munjoy Hill
Heating:
Direct Vent Heater
Cooling:
None, A/C Units
Energy Features:
Ceiling Fans
Basement:
Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished
Levels:
3
Parking:
1 - 4 Spaces, Paved, On Site, Off Street
Acreage:
0.07
Est. Taxes:
$16,144
Construction
Aluminum Siding, Wood Frame
Utilities
Utilities On
Lot Description:
Corner Lot, Level, Open Lot, Sidewalks, Landscaped, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Rural, Near Public Transit, Near Railroad
Amenities:
1st Floor Bedroom, Bathtub, One-Floor Living, Other, Storage
Pet Policy:
Other Restrictions
MLS #:
1597248
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Benchmark Real Estate