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245 Preble StreetSouth Portland, ME 04106Price: $999,000

  • Price: $999,000
  • Est. Mortgage of $/month
  • 44 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $999,000List Price
  • 6Bathrooms
  • 0.33Acreage
  • 4,146Square Feet

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Listed by Benchmark Real Estate
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

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Black Bear Realty participates in ©2023 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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