38 Diamond Drive, Waterboro, ME, 04061

38 Diamond Drive, Waterboro, ME, 04061

6 rooms

3 beds

1 Full baths

1984

Cape

768 sqft

Exciting investment opportunity for 24 single-family properties located within and proximal to the waterfront neighborhood of Lake Arrowhead. An expansive community that is only 35-minutes from the bustling city of Portland, 1 hour from abundant recreational opportunities of the mountain regions, and 2 hours from Boston. This portfolio's location is ideal for all that Maine has to offer. This 24-unit single-family investment portfolio comprises of desirable 2-story Cape Cod style homes. All providing the option for first floor-living with a bedroom and bath privately tucked into the back of the homes. Two additional bedrooms are located upstairs and 14 of the properties have a larger floor plan providing additional flex space for a den or office on the first floor. Some properties offer added value with direct lakefront living, walkout basements, and exceptional privacy with larger lots up to 2 acres. Quality construction is evident in these owner-built properties which have well-maintained systems, metal roofs, solid 2x6 construction, dry basements, and radon mitigation systems. All of the properties have been used for long-term rentals and are non-smoking. The Lake Arrowhead Association boasts multiple beaches for water activities such as swimming and kayaking. With two Community Centers, including indoor and outdoor pools, basketball and volleyball courts, room rentals, fitness center and other amenities this location draws long-term renters, vacationers, and home buyers. This is an exceptional investment portfolio poised for value appreciation and revenue growth. Lake Arrowhead does allow short-term vacation rentals; a potential, high-growth revenue stream not realized by the current owner. Notes: This is a portfolio sale of 24 single-family homes. 22 properties are with-in the Lake Arrowhead Association and 2 properties are in the surrounding community. List of all properties is attached. Also, MLS Commercial #1605396


Status:

Active

Type:

Single-family residential

Laundry Remarks:

Washer Hookup

Zoning:

Lake Arrowhead

Subdivision:

Lake Arrowhead Association

Heating:

Multi-Zones, Hot Water, Baseboard

Cooling:

None

Basement:

Walk-Out Access, Full, Interior Entry, Unfinished

Parking:

1 - 4 Spaces, Gravel, On Site

Common Charge:

$1,100 Annually

Acreage:

0.24

Est. Taxes:

$3,861

HOA Fee

$1,100

Construction

Wood Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Rolling Slope, Wooded, Neighborhood

View Description:

Scenic, Trees/Woods

Amenities:

1st Floor Bedroom, Bathtub, Other, Storage

Waterfront:

Yes

Appliances:

Refrigerator, Gas Range

MLS #:

1605398


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Real Broker 207-671-6026