45 Cumberland Avenue, Portland, ME 04101 ⋆

45 Cumberland Avenue, Portland, ME 04101

$2,500,000

Property Type: Multi-Family Baths: 9 Square Footage: 7,347 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $2,500,000 List Date: 5/20/2022 Last Modified: 1/11/2025

Overview

Description

Incredible Munjoy Hill 5 unit has a lot to offer! 1 NEW house + 2 NEW condo-quality 3rd/4th floor townhouses + 2 large, classic apartments (1st/2nd floor). The stand-alone house was newly constructed in 2015 with a smart, efficient layout, garage, laundry and a deck off the second floor living area. The 4-unit building has two lower units that are classic single-level 3 BR apartments with a ton of charm and potential. Townhouse 1 & Townhouse 2 are newly created 2 bed/2.5bath two-story townhouses designed for maximum south facing light and spectacular views of the city, Casco Bay and the Back Cove. This unique opportunity should be considered by owners looking to live in a condo but with interest in also owning the units around them, or by investors who can see that the sum of the ''parts'' here are worth more than the asking price.

Listing Details MLS# 1529215

Location Information

Street #: 45
Street Name: Cumberland
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 2601
Leased Land: No
Book: 37216
Page: 142
Map: 13
Block: k
Lot: 61-62
Zoning: R6
Zoning Overlay: No
Association: No
Full Tax Amount $: 13773
Tax Year: 2021

Contract Information

Original List Price: 3000000

Property Information

Surveyed: Yes
Seasonal: No
Number of Units: 5
Total Baths: 9
Total Full Baths: 7
Total Half Baths: 2
Year Built: 1900
SqFt Finished Above Grade: 7347
SqFt Finished Total: 7347
SqFt Source: Other
Other Source of Square Footage: Estimated based on Public Records
Garage: Yes
Garage Spaces: Yes
Lot Size Acres +/-: 0.14
Source of Acreage: Public Records
SqFt Finished Below Grade: 0

Status Change Info

Pending Date: 2022-07-19
Closed Date: 2022-09-28
Closed Price: 2500000

Water Info

Water Frontage: No
Water View: Yes
Water Body Name: Back Cove & Casco Bay

Units

# of 2 BD Units: 3
# of 3 BD Units: 2

More Information

Unit 1

Lease: No
Level: First
Security Deposit: No
# Full Baths: Yes
# of Rooms: 7
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 2

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 7
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 3000
# Full Baths: 2
# Half Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 2800
# Full Baths: 2
# Half Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 3500
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: jessica@mainelandconsultants.com

Site

Level: Yes
Open: Yes
Sidewalks: Yes

Location

Intown: Yes
Near Public Beach: Yes
Near Town: Yes
Near Turnpike/Interstate: Yes

Roads

Paved: Yes

Water Body Type

Bay: Yes

Style

Other: Yes

Construction

Wood Frame: Yes

Levels

Multi-Level: Yes

Basement

Full: Yes
Slab: Yes
Unfinished: Yes

Exterior

Vinyl Siding: Yes

Roof

Flat: Yes
Shingle: Yes

Heat System

Forced Air: Yes
Hot Water: Yes
Zoned: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 133200
Operating Expenses: 29100

Cooling

None: Yes

Floors

Wood: Yes

Parking

1 - 4 Spaces: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Common: Yes
Gravel: Yes

Basement Entry

Interior: Yes

Water Heater

Electric: Yes
Gas: Yes

Vehicle Storage

1 Car: Yes
Direct Entry to Living: Yes

Property Features

Site: Level; Open; Sidewalks Location: Intown; Near Public Beach; Near Town; Near Turnpike/Interstate Roads: Paved Water Body Type: Bay Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Slab; Unfinished Basement Entry: Interior Exterior: Vinyl Siding Roof: Flat; Shingle Heat System: Forced Air; Hot Water; Zoned Heat Fuel: Gas Natural Water Heater: Electric; Gas Cooling: None Floors: Wood Driveway: Common; Gravel Parking: 1 - 4 Spaces Vehicle Storage: 1 Car; Direct Entry to Living Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Lead Paint Addendum Public Access ›

Deed Public Access ›

Property Disclosure - 45 Cumberland Ave ›

Property Disclosure - 43 Cumberland Ave ›

Property Brochure ›

Listing Office: Vitalius Real Estate Group, LLC

IDX

Last Updated: January - 11 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

45 Cumberland Avenue, Portland, ME 04101 (MLS# 1529215)