Bought with The Real Estate Store
$737,000
$625,000
17.9%For more information regarding the value of a property, please contact us for a free consultation.
7 Baths
3,257 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $737,000
Property Type Multi-Family
Listing Status Sold
Square Footage 3,257 sqft
MLS Listing ID 1599767
Sold Date 10/04/24
Style New Englander,Other Style
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 3,257
Originating Board Maine Listings
Year Built 1920
Annual Tax Amount $6,827
Tax Year 23
Lot Size 8,276 Sqft
Acres 0.19
Property Description
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!
Location
State ME
County York
Zoning R2
Rooms
Basement Bulkhead, Exterior Entry, Unfinished
Interior
Interior Features Other
Heating Hot Water, Baseboard
Cooling None
Flooring Laminate, Carpet
Laundry Laundry - 1st Floor, Main Level
Exterior
Garage 11 - 20 Spaces, Common
Waterfront No
View Y/N No
Roof Type Shingle
Street Surface Paved
Parking Type 11 - 20 Spaces, Common
Garage No
Building
Lot Description Corner Lot, Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Other, Near Railroad
Sewer Public Sewer
Water Private
Architectural Style New Englander, Other Style
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil
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