Bought with Sierra Curtis Maine Real Estate Co
$1,125,000
$1,200,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
103 Monument ST #1-3 Portland, ME 04101
3 Baths
2,592 SqFt
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $434
MLS Listing ID 1591205
Sold Date 08/29/24
Full Baths 3
HOA Y/N No
Year Built 1899
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Source Maine Listings
Land Area 2592
Property Description
Located on the harbor side of Munjoy Hill where Portland's most desirable neighborhood intersects with both inner Washington Ave (think boutiques, breweries, bike shops, barbecue and more) and the Old Port (our historic seaport with countless restaurants and retailers) - this is the ideal owner occupied 3-family. Neighbors are all owner-occupied homes on this quiet, convenient block.
The ground level has been updated and is near condo quality. This unit enjoys direct access to a remarkably private yard with a generous deck. The second and third levels each offer a logically laid out and livable 2 bedroom, 1 bath unit each. From the upper floor you get some pretty sweet city skyline and sunset views that could easily enhanced. Quality units in the ideal location are just the beginning as this property enjoys significant updates and upgrades. From fully separate utilities, updated heat, hot water and electric to a low maintenance exterior and code compliant fire doors, a new owner can move in and enjoy ocean side, city living from day one. Speaking of moving in, the owner has vacated the units, allowing for you to choose your ideal home and hand pick tenants.
For several years, the owner has Airbnb'ed the first floor and has done incredibly well, with rave reviews, repeat guests, and continuous super host status. The drive is double wide and offers parking for 6. The projected rents are reasonable/realistic given an owner occupant isn't subject to rent control.
Location
State ME
County Cumberland
Zoning R6
Direction Congress Street toward Eastern Promenade. Right on Sheridan Street, turn right on Monument Street.
Rooms
Basement Interior, Brick/Mortar, Full, Unfinished
Interior
Interior Features One-Floor Living, Storage
Heating Hot Water
Cooling None
Flooring Wood
Equipment Internet Access Available, Cable
Fireplace No
Laundry Washer Hookup
Exterior
Parking Features 5 - 10 Spaces, Common, On Site, Off Street, Tandem
Utilities Available Utilities On
Roof Type Pitched,Shingle
Garage No
Building
Lot Description Well Landscaped, Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Near Railroad
Story 3
Entry Level Multi-Level
Water Public
Architectural Style Other
Level or Stories 3
Others
Tax ID PTLD-000017-C000014-000001
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