Bought with Non MREIS Agency
$2,175,000
$2,250,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
10 Baths
6,504 SqFt
SOLD DATE : 09/16/2024
Key Details
Sold Price $2,175,000
Property Type Multi-Family
Listing Status Sold
Square Footage 6,504 sqft
MLS Listing ID 1595571
Sold Date 09/16/24
Style Duplex,Ranch
Full Baths 9
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 6,504
Originating Board Maine Listings
Year Built 1960
Annual Tax Amount $16,100
Tax Year 2023
Lot Size 1.060 Acres
Acres 1.06
Property Description
*Only 28 Reggio is Pending. 27-33 Odessa is still available* This active beachfront community investment has four (4) two-unit multi-family rentals on an oversized half acre (0.58) lot and a seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Each of the Odessa units has 2 beds / 1 bath and parking. The .58 acre parcel on Reggio creates even more potential for expansion. There are several obvious value-add opportunities here: increased long term rentals, seasonal short term rentals, or even a conversion into 8 individual condos. The zoning density appears to allow for up to 4 units on the Reggio Lot with conditional approval. This unique package is available for the first time in 50 years, in the center of Maine's most popular beach destination. This is an opportunity not to be missed!
Location
State ME
County York
Zoning R-3
Rooms
Basement Full, Exterior Only, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Garage 5 - 10 Spaces, Other, Off Street
Waterfront No
View Y/N No
Roof Type Shingle
Street Surface Paved
Parking Type 5 - 10 Spaces, Other, Off Street
Garage No
Building
Lot Description Level, Open Lot, Near Turnpike/Interstate, Near Town
Sewer Public Sewer
Water Private
Architectural Style Duplex, Ranch
Structure Type Shingle Siding,Wood Frame
Others
Energy Description Oil
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