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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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481 Cumberland Ave , Portland, ME 04101
$1,200,000
Est. Payment: $2,666.67/mo
0 Bed
5 Bath
4086 Sqft
Status: Pending | Days on site: 18
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2698 - 009631,009700
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Welcome to 481 Cumberland: a brick 4-unit with its own private parking lot and move-in ready units, an increasingly hard-to-find combination in Portland. The largest unit is two floors with 2 bedrooms and a den, 1.5 baths, and in-unit laundry. The other three units are trendy 1 bds with lofty ceilings, hardwood floors and authentic historic details. Two of the units have been used as Short Term Rentals, generating significant income for the owners. This property will be delivered vacant, creating maximum flexibility and upside to the buyer. Owner occupants are not rent restricted by Portland's Rent Control - so the buyer can live in one unit and rent the other three at market rate.
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Highlights

Listed by Briton Vitalius , 207-541-3755 and Christopher Sullivan , 207-541-3755 Vitalius Real Estate Group, LLC , 207-541-3755.

Property Type

Multi-Family
Lot/Acreage
0.11

Year Built

1866

County

Cumberland

Listing ID

1676051

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:4
Floor:Tile,Wood
Above Ground Sq Ft:4086
Below Ground Sq Ft:0
Basement:Doghouse,Interior Entry,Full,Unfinished,Brick/Mortar
Water:Public

Exterior Features

Lot:Intown,Level,Open Lot,Sidewalks,Near Public Transit
Zoning:RN-4
Roof:Shingle
Sewer:Public Sewer
Parking Features:Gravel,5 - 10 Spaces,On Site,Off Street
Principal Interest
$2,667
Taxes
$1,191

Home Price

$1,200,000

Loan Details

30 yrs
%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,666.67 $1,191.00 $0.00 $3,857.67
Yearly $32,000.00 $14,292.00 $0.00 $46,292.00
Total $960,000.00 $428,760.00 $0.00 $1,388,760.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.