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Adam Dow

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

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80 Wilson St , Portland, ME 04101
$1,575,000
Est. Payment: $3,500.00/mo
0 Bed
7 Bath
4654 Sqft
Status: Active | Days on site: 13
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2926 - 006705
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House 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.

Highlights

Listed by John Graham , 207-491-1660 John Graham Real Estate , 207-491-1660.

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1915

County

Cumberland

Neighborhood

Munjoy Hill

Listing ID

1676625

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:7
  • Full Bathrooms:7
Floor:Wood,Linoleum
Above Ground Sq Ft:4654
Below Ground Sq Ft:0
Basement:Interior Entry,Partial,Unfinished
Other:
  • Additional:1st Floor Bedroom, Attic
Water:Public

Exterior Features

Lot:Intown,Near Public Beach,Near Turnpike/Interstate,Corner Lot,Sidewalks,Near Public Transit
Zoning:RN-4
Roof:Pitched,Shingle
Sewer:Public Sewer
Parking Features:Common,1 - 4 Spaces,Leased
Principal Interest
$3,500
Taxes
$1,429

Home Price

$1,575,000

Loan Details

30 yrs
%

Down Payment

20%
$315,000
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Monthly Price:
$3,500.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,500.00 $1,428.83 $0.00 $4,928.83
Yearly $42,000.00 $17,146.00 $0.00 $59,146.00
Total $1,260,000.00 $514,380.00 $0.00 $1,774,380.00

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.