340 Ocean St Street, South Portland, ME 04106
- Date Added:
2025-05-20 23:14:14
- Property Type:
Multi-Family
- MLS #:
1621624
- Status:
Pending
- Year Built:
1925
- Bathrooms:
3
Description
Discover a prime investment opportunity. This charming multi-family property features three spacious units, each with three bedrooms and one bathroom. Recent enhancements, including a roof replacement five years ago and various updates throughout, ensure the building's longevity and appeal. Each unit operates independently with separate electric meters and individual boilers, promoting tenant autonomy and streamlined management. The property boasts coin-operated laundry machines and generous side parking, adding convenience for residents. Financially, it stands out with high-producing gross monthly rents and low expenses, making it an attractive addition to any investment portfolio. Situated in a vibrant South Portland neighborhood, tenants benefit from proximity to Mill Creek Park, Bug Light Park, and the scenic Greenbelt Walkway, offering a blend of urban living and natural beauty. This property not only promises immediate returns but also long-term value in a sought-after location. Open Showing May 17th from 10am - Noon. IF NO VIDEO LINK IS AVAILABLE, INQUIRE TO RECEIVE ONE!
Features
- Electric:
Circuit Breakers
- Water:
Public
- Heat System:
Baseboard
Property Features
- Style:
Victorian
- Roof:
Shingle
- Construction:
Vinyl Siding, Wood Frame
- Parking:
5 - 10 Spaces, Paved
- SqFt Finished Above Grade:
3569
- Water Frontage:
No
Neighborhood Details
- County:
Cumberland
- Zoning:
OS
- Lot Size:
0.11 acres
Financials
- Listing Price:
$940,000.00
- Full Tax Amount:
$7904
