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7 Huntress Street

Portland

$2,195,000

beds   ·   10 baths   ·   9,980 sqft   ·   0.24 acres   ·   taxes: $21,928   ·   MLS#: 1666409

7 Huntress Street presents exceptionally well as a professionally managed 10-unit multifamily asset in one of Portland's most desirable in-town locations. Ideally situated near Maine Medical Center, Thompson's Point, downtown Portland, and major transportation routes, the property offers both stable cash flow and long-term investment appeal. Current ownership has made numerous thoughtful capital improvements, including replacement of the original cast iron plumbing with PVC, recent boiler servicing, repairs to the rubber roof, new carpeting in one apartment and in the right-side common hallway, two new ceilings, updated blinds and interior paint, a new bathroom window, and updated appliances including a new stove, refrigerator, and sink in one unit. The property also benefits from two new washers and two new dryers, while six of the apartments now feature modern keyless entry systems. Parking is a significant value add, offering nine total spaces, including four garage bays plus additional off-street parking. Ownership has also identified an opportunity for the next investor to increase revenue through strategic parking rental income, creating additional upside beyond the existing rental stream. Well maintained with a strong history of ownership and meaningful recent updates. A rare opportunity to acquire a turnkey multifamily asset with both immediate stability and future income potential in Portland's thriving rental market

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1910
  • Style : Other
  • Flooring : Carpet, Laminate, Vinyl, Wood
  • Garage Spaces : 4.00
  • Roof : Flat, Membrane
  • Basement : Interior Entry, Walk-Out Access, Daylight, Finished, Full, Unfinished, Brick/Mortar
  • Heating : Gas Natural, Baseboard, Hot Water, Zoned, Radiator
  • Cooling : None

Site

  • Water Body Type : Nearby
  • Water Source : Public
  • Utilities : Utilities On
  • Sewer : Public Sewer
  • Zoning : R6
  • Road Surface Type : Paved
Listing provided by RE/MAX Shoreline

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy