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:
Pending
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
Similar Properties
Listing courtesy of Real Broker 207-671-6026