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850 WASHINGTON AVE
PORTLAND, ME 04103
Asking Price
$849K
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
Turnkey Two-Unit Near Downtown Portland & the Roux Institute <p>Fully Renovated Two-Unit Property</p><p>Two Spacious 2-Bedroom Apartments</p><p>Separate Gas & Electric Meters</p><p>Newer, Efficient Heating Systems</p><p>Detached 2-Car Garage</p><p>Over ½ Acre Lot with Ample Off-Street Parking</p><p>Strong Owner-Occupant or Investment Opportunity</p><p>Proximity to the Roux Institute & Portland's Innovation District</p><p>Minutes to Downtown Portland, Back Cove & Payson Park</p><p>Turnkey Asset with Immediate Rental Income Potential</p><p>Rare Large-Lot Mu
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NOI
$80,000
Cap Rate
9.42%
DSCR
1.59
Strong
Cash-on-Cash
11.62%
Monthly Payment
$4,200.389
Annual Cash Flow
$29,595.335
