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779 Congress St 10 Unit Apartment Building $1,699,000 ($169,900/Unit) 7.51% Cap Rate Portland, ME 04102
EXECUTIVE SUMMARY
Nice 10 unit apartment building located on beautiful Congress Street that is walking distance to Maine Health and all amenities that the city has to offer! This investment property is fully leased offering (8) 1 bedrooms units, (2) 2 bedroom units w/ (6) parking spaces out back. Please call for more info!
PROPERTY FACTS
| Price | $1,699,000 | Building Class | C |
| Price Per Unit | $169,900 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,647 SF |
| Cap Rate | 7.51% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B2B | ||
| Price | $1,699,000 |
| Price Per Unit | $169,900 |
| Sale Type | Investment |
| Cap Rate | 7.51% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,647 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | B2B |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | PTLD-000047-000000-A015001 | Improvements Assessment | $975,400 |
| Land Assessment | $225,700 | Total Assessment | $1,201,100 |
PROPERTY TAXES
Parcel Number
PTLD-000047-000000-A015001
Land Assessment
$225,700
Improvements Assessment
$975,400
Total Assessment
$1,201,100
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779 Congress St
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