80 Wilson St, Portland, ME 04101

$1,575,000
7
BA
4,654
SqFt

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Listing courtesy of John Graham Real Estate.

List Price
$1,575,000
MLS#
1676625
Status
ACTIVE
Type
Multifamily
City
Portland
County
Cumberland
Bathrooms
7
Living Area
4,654
Lot Size
3,920
Year Built
1915

Property Description

Welcome to 80 Wilson Street, a seven unit on the corner of Wilson and Atlantic Street, atop Portland's Munjoy Hill- just steps to the Eastern Promenade and the East End's restaurants and coffee shops. Enter the front door of 80 Wilson to access six of the seven apartments and the basement which has shared laundry and dedicated storage for each unit. The first floor hall has entry to two one bedroom units, the second floor has an additional three one bedroom units, and the third floor boasts a spacious two bedroom, with views, that make you pause, of the harbor and Portland Headlight. It also has an adjacent unfinished attic space over the ell- which could potentially be converted to additional living space or possibly an inverted deck to fully capture the amazing harbor views. The remaining unit(3) is tucked away around the corner off of Atlantic Street, with its own private parking, fenced in yard space and private entrance. This unit lives and feels like its own place. 80 Wilson makes a solid investment on Munjoy Hill, (location, location, location) with a cash on cash return in the high 9 percentage rate. The current owner has kept up with rent increases thus rents at market rate reducing the effect of Portland's Rent Control. Owner reports this is his easiest building to keep 100% occupied and has not experienced any vacancy during his five plus years, speaks volumes to the desirability of the location.

Additional Information

Living Area
4,654
View
Water
Electric
Circuit Breakers
Water
Public
Basement
Interior Entry, Partial, Unfinished
Cooling
None
Year Built
1915
Acres
0.09
Roof
Pitched, Shingle
Foundation
Stone
Water Body Name
Casco Bay
Style
New Englander
Stories
2
Courtesy Of Listing Office
John Graham Real Estate

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