Bought with Frank Hennings 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
Purchase Type For Sale
Square Footage 4,146 sqft
Price per Sqft $296
MLS Listing ID 1575681
Sold Date 12/20/23
Full Baths 6
HOA Y/N No
Year Built 1850
Tax Year 2022
Lot Size 0.330 Acres
Acres 0.33
Source Maine Listings
Land Area 4146
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
Direction Broadway Street to Preble Street (close to SMCC, Spring Point Marina, Scratch Baking, Willard Square/Beach)
Rooms
Other Rooms Shed(s)
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
Equipment Internet Access Available, Cable
Laundry Washer Hookup
Exterior
Parking Features Assigned, 5 - 10 Spaces, Gravel, On Site, Off Street
Utilities Available Utilities On
View Trees/Woods
Roof Type Shingle
Porch Deck
Garage No
Building
Lot Description Well Landscaped, Open, Level, Sidewalks, 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
Water Public
Architectural Style New Englander
Others
Tax ID SPOR-000002-000000-000204
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