243 High Street, Portland, ME 04101

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Karen R.

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Building Details:

• Year Built: 1910

243 High Street is aspecial purpose property for lease in Portland, ME.

We are pleased to represent this outstanding building currently used as Rooming/Boarding Houses on the Portland peninsula. This 16 unit building is well maintained inside and out. Each unit is comprised of a bedroom and shared baths on each floor. Common area kitchens are typically found on each floor as well. It has a very attractive and stable financial history. The present owner purchased this property in 2006 has done a great job with stabilizing the income and providing a very necessary alternative to more typical multifamily properties. A number
of these occupants have been long term residents. Pricing is based on an aggressive capitalization. Off street parking for some of the residents is available, if required. Please contact the broker for additional information.

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