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$1,230,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Units
  • 0.33 Acres
See This Home
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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

Full Property Details for 245 Preble St

General

  • Sold For: $1,230,000
  • Taxes: $11,670 (2022)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1575681
  • Added to Site: 850 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living, Other, Pantry, Shower, Storage
  • Flooring: Wood, Vinyl, Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Other Rooms

  • Laundry: Washer Hookup

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: 5 - 10 Spaces, Gravel, On-Site Parking, Off Street

Location

  • County: Cumberland

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Space Heater, Direct Vent Heater

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: New Englander
  • Detached/Attached: Detached
  • Construction: Vinyl Siding, Wood Frame
  • Basement Desc.: Walk-Out Access, Full, Sump Pump, Unfinished
  • Roof: Shingle
  • Building Size: 4146
  • Square Feet: 4,146
  • Finished Total: 4,146 Sq. Ft.
  • Finished Above Grnd: 4,146 Sq. Ft.
  • Year Built: 1850

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Trees/Woods
  • Lot Size (Acres): 0.33
  • Lot Size (Sq. Ft.): 14,374.8
  • Lot Size Source: Public Records
  • Zoning: G
  • 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

Green Features

  • Energy Efficient: LED Light Fixtures, Ceiling Fans

Financial Considerations

  • Tax Amount: $11,670
  • Tax Year: 2022

Disclosures and Reports

  • Lot Number: 204

Listed by Benchmark Real Estate (207) 775-0248

Meet the selling agent

Meet the selling agent
— 245 Preble St —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 245 Preble St

School District:South Portland
NameGradesDistance
Dora L Small Elementary School
87 Thompson Street, South Portland, ME 04106
K-50.2 mi
Daniel F. Mahoney Middle School
240 Ocean Street, South Portland, ME 04106
6-81.2 mi
South Portland High School
637 Highland Avenue, South Portland, ME 04106
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 245 Preble St

Date
Details
Price
Change
Source
12/20/2023
Sold
$1,230,000
23.12%
MLS
10/24/2023
Listed
$999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Benchmark Real Estate (207) 775-0248

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Price Reduced near 245 Preble St

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Recent Sales near 245 Preble St

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30 Deake St, South Portland, ME 04106 - Photo 1 Sold
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Sold by Legacy Properties Sotheby's International Realty

245 Preble Street, South Portland, ME 04106 (MLS# 1575681) is a Multi-Family property that was sold at $1,230,000 on December 20, 2023. Want to learn more about 245 Preble Street? Do you have questions about finding other Multi-Family real estate for sale in South Portland? You can browse all South Portland real estate or contact a Coldwell Banker agent to request more information.