Bought with Coldwell Banker Realty
$1,230,000
$999,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
245 Preble ST South Portland, ME 04106
6 Baths
4,146 SqFt
Key Details
Sold Price $1,230,000
Property Type Multi-Family
Listing Status Sold
Square Footage 4,146 sqft
MLS Listing ID 1575681
Sold Date 12/20/23
Style New Englander
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 4,146
Year Built 1850
Annual Tax Amount $11,670
Tax Year 2022
Lot Size 0.330 Acres
Acres 0.33
Source Maine Listings
Property Description
Few locations rival Willard for desirability, walkability, bikeability and rentability and this rare 6 unit sits right in the middle. Located a short distance from everything that makes this location soooo livable, from shops and schools, playgrounds and park and of course Willard Beach, this quality multi is priced for immediate sale. The exterior is low maintenance with lots of updates, lots of parking, lots of decks and lots of light. Inside 5 of the 6 units are updated with separate utilities and 5 of 6 tenants paying all utilities (except water/waste water) Rents are well below market with plenty of room to significantly increase. As an alternative to long term rents this property and location are ideal for short term and income maximization. $70K of NOI and a 7 CAP make this a rare cash flow investment day one. ONLY showings (open to agents and buyers with no appointment needed) 10/26, 27, 30, 31 from 12-2. Offers due and reviewed 10/31 @ 3PM
Location
State ME
County Cumberland
Zoning G
Rooms
Basement Walk-Out Access, Full, Sump Pump, Unfinished
Interior
Interior Features 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Pantry, Shower, Storage
Heating Space Heater, Direct Vent Heater
Cooling None
Flooring Wood, Vinyl, Laminate, Carpet
Laundry Washer Hookup
Exterior
Parking Features 5 - 10 Spaces, Gravel, On Site, Off Street
Utilities Available 1
View Y/N Yes
View Trees/Woods
Roof Type Shingle
Street Surface Paved
Porch Deck
Garage No
Building
Lot Description Level, Open Lot, Sidewalks, Landscaped, Wooded, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Suburban, Near Public Transit, Near Railroad
Foundation Stone, Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style New Englander
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural, Electric
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