25 Granite StreetPortland, ME 04102Sale Price: $2,680,000

Exceptional building and excellent investment opportunity! 25 Granite Street has much to offer the tenant as well as the investor: a few steps from the USM Law School and the main campus, off street parking, efficient Rinnai Heaters, 4 of the units have dedicated outside space, and another 4 have private roof top decks with great city views! Built as an Inn, circa 1750, and added onto in the early 20th century creating a nice mix of 1 & 2 bedroom units with 4 units retaining ornamental fireplaces. Additionally there is a coin-op laundry and dedicated tenant storage space. A few years after the current owner purchased the property its trajectory was for condo conversion so all systems were updated to include: new roof, windows, heating systems, siding,plumbing, wiring, kitchens and baths, and roof top decks. In the last few years a number of the units have been redone to stay fresh. The market shifted dramatically 08-09 so it remained and still is today a great 12 unit investment opportunity!