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11 Presumpscot Street

Updated Oct 28, 2024

11 Presumpscot Street LLC Acquires 6-Unit Multifamily In Portland For $1.26M
SOLDMultiFamily

11 Presumpscot Street LLC Acquires 6-Unit Multifamily In Portland For $1.26M

11 Presumpscot Street

$1,265,000

Units

6

Asset Type

MultiFamily

Closing

Jul 14, 2022

About this deal

AI

11 Presumpscot St W, a multifamily property located in Portland, ME, has been sold for a total price of $1,265,000. The property consists of 6 units, with an average price per unit of $210,833. It spans a total area of 7,304 square feet, leading to a price per square foot of $173.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,265,000
  • Units: 6
  • Price per Unit: $210,833
  • Square Footage: 7,304
  • Price per Square Foot: $173
  • Address: 11 Presumpscot St W, Portland, ME

The buyer of 11 Presumpscot St W is 11 Presumpscot Street LLC, while Five North Properties LLC serves as the seller. The transaction was facilitated by Thomas Gadbois from F.O. Bailey Real Estate, acting as the broker in the deal.

Players

Thomas Gadbois

Folio Real Estate and Property Management

Broker

$52.9M

vol

9 deals

Broker

Portland MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $210.8K per unit across 6 units on a published $1.3M (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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