- Type: Multi-Family
- 5 Baths
- 5 Units
- Year Built: 1890
- 3,099 SqFt
- 0.14 Acres
- Waterbody: Atlantic Ocean
- Waterbody Type: Ocean
Location location location less than 300 yards to the Sandy beach in beautiful old orchard beach , renowned for its stunning coastline and vibrant community, presents a unique investment opportunity with this fully occupied 5-unit property. The recent updates add to its appeal, offering a blend of two efficiency units, one one-bedroom, and two two-bedroom apartments, all currently rented on a month-to-month basis. The under-market rents suggest a substantial upside for future income growth. With its prime location close to local shops, dining, and entertainment, plus the convenience of off-street parking, this property stands out as an excellent choice for investors. Whether for long-term leasing or exploring the lucrative Airbnb market, the potential is vast. This property not only promises immediate cash flow but also the flexibility for a condo conversion or expansion, possibilities catering to a range of investment strategies. Embrace the chance to own a piece of this beach community, a rare find indeed in the heart of Old Orchard Beach. If you need any more details or have specific questions about the property or the area, feel free to ask!
- Style Multi-Level, New Englander
- Year Built 1890
- Lot Size 0.14 acres
- SQFT Finished Above Grade 3099
- County York
- City Old Orchard Beach
- Zone brd
- Location Intown, Near Golf Course, Near Public Beach, Near Railroad, Near Town
- School District RSU 23
- Water Frontage No
- Water Body Type Ocean
- Water Body Name Atlantic Ocean
- Seasonal No
- Full Tax Amount $7,671.00
- Tax Year 2023
- Association Fee $0.00
- Total Units 5
- Baths Total 5
- Baths Full 5
- Basement Dirt Floor, Unfinished, Walkout Access
- Amenities 1st Floor Bedroom, Laundry - 1st Floor, Laundry - Hookup
- Accessibility 32 - 36 Inch Doors
- Construction Wood Frame
- Exterior Vinyl Siding, Wood Siding
- Color white/yellow
- Foundation Materials Stone
- Basement Dirt Floor, Unfinished, Walkout Access
- Roof Membrane, Shingle
- Floors Carpet, Vinyl, Wood
- Heat System Baseboard, Direct Vent Heater, Forced Air, Hot Water, Multi-Zones
- Heat Fuel Gas Bottled,Multi-Fuel System,Oil
- Gas Bottled
- Water Heater Off Heating System
- Electric Yes
- Water Yes
- Waste Water Disposal Yes
- Driveway Gravel, Paved
- Parking 5 - 10 Spaces, On Site, Paved
- Roads Public