$1,300,000
105 Union Avenue, Old Orchard Beach, ME, 04064
4 Full baths
1900
Colonial, New Englander, Shingle Style
4,016 sqft
HUGE Turn Key Investment Rental Opportunity in Old Orchard Beach! This 4 unit is a money maker! Maximize your rental income by renting weekly during the summer months and to local students, nurses or families during the off-season. Great cash flow history and the potential to make even more! Beautiful shingled home with tons of charm and a wrap-around porch hosts the first two units. An additional building was built in 2018 where the other two units reside. The back two units have an identical layout with all modern features including heat pumps for year-round controlled temperature. The back units are currently being rented seasonally for 9 months and then weekly throughout the summer months. The front units, in the original home, are currently being rented as year round apartments. This property is located on a large lot with plenty of off-street parking and space for outdoor recreation. Centrally located to the beach and pier. This property is full of options to make incredible summer and winter rental income! Or, better yet use one unit as your summer retreat or year round residence and rent the others!
Status:
Active
Type:
Multi-family
Laundry Remarks:
Laundry - 1st Floor, Main Level
Units:
4
Zoning:
R2
Frontage:
155
Heating:
Heat Pump, Forced Air
Cooling:
None, Heat Pump
Energy Features:
Storm Windows, Dehumidifier
Basement:
Full, Interior Entry, Unfinished
Levels:
2
Parking:
5 - 10 Spaces, Other, Paved
Acreage:
0.25
Est. Taxes:
$6,970
Construction
Wood Siding, Vinyl Siding, Shingle Siding, Wood Frame
Utilities
Utilities On
Lot Description:
Level, Open Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
Amenities:
1st Floor Bedroom, One-Floor Living
Pet Policy:
No Restrictions
MLS #:
1580224
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Realty 207-712-4918