Updated Oct 28, 2024
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.
Portland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Thomas Gadbois to view all their deals.
Browse Portland multifamily sales on Traded.
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