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263, 267 & 273 Cumberland Avenue 3 Properties Offered at $4,700,000 in Portland, ME
INVESTMENT HIGHLIGHTS
- 2 Rooming House Buildings (59 Rooms)
- Approvals to Build 89-Unit Mid-Rise on Lot
- 4,510 SF vacant lot
EXECUTIVE SUMMARY
We are pleased to offer a portfolio of rooming houses for sale in Downtown Portland. 263 Cumberland Avenue consists of 16 rooms, 267 Cumberland Avenue is a 4,510 SF vacant lot, and 273 Cumberland Avenue consists of 43 rooms. These units are not regulated by rent control. Additionally, there were approvals to build a new 89 unit mid-rise rooming house at 267 and 263 Cumberland Avenue. There is a complete set of construction drawings and approvals could easily be reinstated.
PROPERTY FACTS
| Price | $4,700,000 | Number of Properties | 3 |
| Price / SF | $323.40 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 14,533 SF |
| Status | Active | Total Land Area | 0.26 AC |
| Price | $4,700,000 |
| Price / SF | $323.40 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,533 SF |
| Total Land Area | 0.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 267 Cumberland ave, Portland, ME 04101 | Land | 0.10 AC | - | - |
| 273 Cumberland Ave, Portland, ME 04101 | Multifamily | 8,621 SF | 1910 | - |
| 263 Cumberland Ave, Portland, ME 04101 | Multifamily | 5,912 SF | 2024 | - |
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263, 267 & 273 Cumberland Avenue
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