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Investors seeking a reliable multifamily asset in Portland will find this four-unit apartment building at 142 Sherman Street a practical addition to any regional portfolio. The property features four spacious residential units, each configured with two to three bedrooms to meet the consistent demand for larger housing options in this coastal Maine market. Portland continues to benefit from a diverse local economy and steady population growth, maintaining its status as a primary hub for commerce and residential life in the state. Each unit includes dedicated parking, providing a distinct operational advantage for residents in this established urban neighborhood. The building is currently fully leased, offering immediate cash flow potential for an incoming owner. Given the layout and unit size, this asset is well-suited for long-term hold strategies aimed at capitalizing on the city's ongoing rental housing demand.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.