Old Orchard Beach, ME 04064MLS Number 1599773

  • Sale Price: $737,000
  • 2 Days Since Sale
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Federal 30-year interest rate: 6.12% last updated on Oct 3, 2024
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Old Orchard Beach ME 04064
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  • 0.19Acreage
  • 3,257Square Feet
Rare opportunity in the heart of Old Orchard Beach! Discover an exceptional investment less than a half mile to the sand and surf. This 7-unit is fully rented (month to month) and offers immediate cash flow with 3 efficiency units, 3 one-bedroom apartments, and 1 two-bedroom apartment—all with under-market rents, providing significant potential for future income growth. Nestled in the heart of Old Orchard Beach, this property is convenient to local amenities, including shops, dining, and entertainment. Off-street parking is an added bonus, making this a prime choice for investors looking to expand their portfolio in a sought-after location. This property is perfect for long-term tenants or Airbnb potential. Don't miss out on this exceptional opportunity!
Listed by Keller Williams Realty (scottandsunny@kw.com)

Sold by The Real Estate Store

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Basic Information

  • Attribution Contact scottandsunny@kw.com
  • Documents Available Property Disclosure Public Access, Other Public Access 1, Lead Paint Addendum Public Access, Deed Public Access, Other Member Only
  • Property Uses Other

Building

  • BasementBulkhead, Unfinished
  • Building ConstructionVinyl Siding, Wood Frame
  • Commercial Bldg Information Total Units 7
  • Units7
  • Year Built1920

Utilities

  • Electric Circuit Breakers
  • Heat SystemHot Water, Baseboard
  • Heating FuelOil
  • Heating YN Yes
  • Sewer Public Sewer
  • Water Source Private

Other

  • Date Listed08/08/2024
  • Recreational Water Nearby, Public
  • View Count9

Tax Information

  • Tax Book Number 11844
  • Tax Lot13
  • Tax Map Number 312
  • Tax Year 23
  • Taxes$6,827

Location

  • CountyYork
  • StateME
  • TownOld Orchard Beach
  • Zip04064

Interior

  • Flooring Laminate, Carpet

Exterior

  • Exterior Vinyl Siding
  • RoofShingle

Amenities

  • Mls StatusClosed
  • Other AmenitiesBasement, Fireplace

Legal

  • ZoningR2

Photos

  • Number of Photos41

Parking

  • Parking Features 11 - 20 Spaces

Basic Information

  • Agent ID006475,020881
  • Broker ID1898
  • Broker NameKeller Williams Realty
  • List Price$625,000
  • LocationTypeNear Shopping, Near Turnpike/Interstate, Other Location, Public Transport Access
  • MLS Number1599773
  • Modification Date10/04/2024
  • Sale Date10/04/2024
  • Sale Price$737,000

Property Information

  • Acreage0.19
  • Lot Features Public Transport Access, Near Turnpike/Interstate, Near Shopping, Other
  • Lot Size Square Feet 8,276
  • Lot Size Units Acres
  • Square Feet3,257

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. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

All Maine Homes participates in ©2024 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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