340 Ocean St Street
South Portland, ME 04106
Baths
3
Square Ft.
3,569
$940,000
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,… Read More 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! Read Less
Courtesy of EXP Realty 888-439-8743
Listing Snapshot
Days Online
26
Last Updated
Full Baths
3
Square Ft.
3,569
Lot Size
0.11 Acres
Year Built
1925
MLS Number
1621624
30 Days Snapshot Of 04106
$566k
-18%
(avg) sold price
23
+35%
homes sold
22
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Full", "Doghouse"
Building
Architectural Style: "Victorian", Building Area Total: 3,569, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1925
Cooling
Cooling: "None"
Expenses
Operating Expense: $15,533
Exterior Features
Patio And Porch Features: "Deck", Patio And Porch Features: "Deck"
Floors
Flooring: "Wood", "Vinyl"
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $98,400
Lot
Features: "Sidewalks", "Intown", "Near Shopping", 0.11 acres, Area: 0.11, 4,792 square feet
Parking
Features: "5 - 10 Spaces", "Paved"
Property
Parcel Number: 340OceanStreetSouthPortland04106, Zoning: OS
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $7,904, Tax Lot: 98
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing Information © Maine Real Estate Information System, Inc. All Rights Reserved.
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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