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75 E Grand Avenue

Old Orchard Beach, ME 04064
  • $1,100,000
  • STATUS: Pending
  • MLS #: 1572036
Pending
UPDATED: 16 min ago
$1,100,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,776
    SQFT
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

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Description

Old Orchard Beach, considered one the top investment locations in Maine! This well cared for 3 unit, just steps from the sands of the Atlantic, offers creative and lucrative short term and long term rental options - with a layout that lends itself to 3 separate units or combine to make one large property offering privacy and space ideal for multi family parties. With an NOI of over $90k, there are few investments yielding this return in our current market. Guests and tenants alike are drawn to a main feature of this property, the one thing you can't change in real estate - location! Easily accessible to restaurants, shops, the pier, and miles of sandy beach. With all furnishings negotiable and a local property management team with proven success in some of the highest grossing rental properties in Maine available to you, this is truly a turn key investment.

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-09-30T14:47:43.87.
www.thenewenglandreco.com/homes/143397357
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75 E Grand Avenue Old Orchard Beach, ME 04064

  • Price: $1,100,000
  • Status: Pending
  • On Site: Days
  • Updated: 16 min ago
  • MLS #: 1572036
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1,776
SQFT
$619
$/SQFT
1940
Built
County:
York
Area:
Old Orchard Beach
Property Description
Old Orchard Beach, considered one the top investment locations in Maine! This well cared for 3 unit, just steps from the sands of the Atlantic, offers creative and lucrative short term and long term rental options - with a layout that lends itself to 3 separate units or combine to make one large property offering privacy and space ideal for multi family parties. With an NOI of over $90k, there are few investments yielding this return in our current market. Guests and tenants alike are drawn to a main feature of this property, the one thing you can't change in real estate - location! Easily accessible to restaurants, shops, the pier, and miles of sandy beach. With all furnishings negotiable and a local property management team with proven success in some of the highest grossing rental properties in Maine available to you, this is truly a turn key investment.
Exterior Features

Construction Wood Frame Driveway Paved Exterior Vinyl Siding Foundation Materials Poured Concrete Parking 1 - 4 SpacesReserved Recreational Water NearbyPublicRow To Water Roads Public Site LevelOpenSidewalks Vehicle Storage 2 CarCarport Water Body Type Ocean Water Info Water Frontage No Water Info Water View Yes

Interior Features

Basement FullUnfinishedWalkout Access Floors Laminate Units Number Of1 Bd Units 1 Units Number Of2 Bd Units 2 Units Number Of3 Bd Units 0 Units Number Of4 Or More Bd Units 0

Property Features

Cooling None Electric Circuit Breakers Full Tax Amount Amount 7193.00 Gas Bottled Heat Fuel ElectricOilPropane Heat System BaseboardForced AirOther Heat System Leased Land No Location IntownNear Golf CourseNear Public BeachNear Railroad Lot 6 Seasonal No Sewer Public Sewer Sqft Finished Above Grade 1776.00 Sqft Finished Below Grade 0.00 Sqft Source Public Records Style Contemporary Surveyed Unknown Tax Year 2024 Water Public Water Info Water Body Name Atlantic Ocean Zoning Brd Zoning Overlay Unknown

Maine Real Estate Information Systems logo Listing provided courtesy of Benchmark Real Estate: .

© 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-09-30T14:47:43.87.
 
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