Real Estate Auction East End Multi-Family Under Renovations
Real Estate Foreclosure Auction 22-7 - East End Multi-Family Under Renovations - 106 Cumberland Ave., PORTLAND, MAINE - Thursday, January 27, 2022 at 11AM - The above stated price is the tax assessed value and just a place holder. - The lender reserve the right under Maine law to bid at the foreclosure sale. - Real Estate: Consists of a .07+/- acre parcel that is located just off the corner of Cumberland and Washington Avenues. Improving the site is a 4-unit apartment building that is currently under renovations. The circa 1902 wood framed building (4,920+/-SF) has 4-stories and is designed (4) 2-bedroom apartments. The property has (4) deeded parking spaces and is in the B2b (majority) and R6 (small corner portion) Zoning districts. Reference Tax Map 13, Block M, Lot 2. - Directions: From I-295 in Portland, take the Franklin St. exit #7 and turn onto Franklin St., follow .4 miles and then left onto Cumberland Ave., follow .3 miles to the intersection of Cumberland and Washington Avenues, cross Washington Ave. and the property will be the first 4-story on the right. - Terms: A $25,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc. (deposited with the Auctioneer as a qualification to bid), increased to 10% of the purchase price day of sale in cash or personal check, with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #22-7. Our 50th Year and 8,406th Auction.
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