Bought with Morrison Real Estate
$2,680,000
$2,750,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
25 Granite ST Portland, ME 04102
12 Baths
9,816 SqFt
Key Details
Sold Price $2,680,000
Property Type Multi-Family
Listing Status Sold
Square Footage 9,816 sqft
MLS Listing ID 1480477
Sold Date 04/16/21
Style Other Style
Full Baths 12
HOA Y/N No
Abv Grd Liv Area 9,816
Year Built 1910
Annual Tax Amount $12,662
Tax Year 2020
Lot Size 0.290 Acres
Acres 0.29
Source Maine Listings
Land Area 9816
Property Description
Exceptional building and excellent investment opportunity! 25 Granite Street has much to offer the tenant as well as the investor: a few steps from the USM Law School and the main campus, off street parking, efficient Rinnai Heaters, 4 of the units have dedicated outside space, and another 4 have private roof top decks with great city views!
Built as an Inn, circa 1750, and added onto in the early 20th century creating a nice mix of 1 & 2 bedroom units with 4 units retaining ornamental fireplaces.
Additionally there is a coin-op laundry and dedicated tenant storage space.
A few years after the current owner purchased the property its trajectory was for condo conversion so all systems were updated to include: new roof, windows, heating systems, siding,plumbing, wiring, kitchens and baths, and roof top decks. In the last few years a number of the units have been redone to stay fresh. The market shifted dramatically 08-09 so it remained and still is today a great 12 unit investment opportunity!
Location
State ME
County Cumberland
Zoning residential
Rooms
Basement Crawl Space, Full, Interior Entry, Unfinished
Interior
Interior Features One-Floor Living
Heating Direct Vent Heater
Cooling None
Flooring Wood, Vinyl, Tile
Fireplaces Number 4
Fireplace Yes
Laundry Laundry - Coin
Exterior
Parking Features 11 - 20 Spaces, Paved, Detached, Off Street
Garage Spaces 1.0
Utilities Available 1
View Y/N No
Roof Type Flat,Membrane
Street Surface Paved
Porch Deck
Garage Yes
Building
Lot Description Sidewalks, Landscaped, Near Shopping, Near Town, Neighborhood
Story 3
Foundation Granite
Sewer Public Sewer
Water Public
Architectural Style Other Style
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Gas Natural
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