$625,000

Pending

Est. Mortgage $0/mo *

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57 Cedar Avenue, Old Orchard Beach, ME, 04064

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7 Full baths

1920

New Englander, Other Style

3,257 sqft

Rare opportunity in the heart of Old Orchard Beach! Discover an exceptional investment less than a half mile to the sand and surf. This 7-unit is fully rented (month to month) and offers immediate cash flow with 3 efficiency units, 3 one-bedroom apartments, and 1 two-bedroom apartment—all with under-market rents, providing significant potential for future income growth. Nestled in the heart of Old Orchard Beach, this property is convenient to local amenities, including shops, dining, and entertainment. Off-street parking is an added bonus, making this a prime choice for investors looking to expand their portfolio in a sought-after location. This property is perfect for long-term tenants or Airbnb potential. Don't miss out on this exceptional opportunity!

Status:

Pending

Type:

Multi-family

Laundry Remarks:

Laundry - 1st Floor, Main Level

Units:

Zoning:

Heating:

Hot Water, Baseboard

Cooling:

None

Basement:

Bulkhead, Exterior Entry, Unfinished

Parking:

11 - 20 Spaces, Common

Acreage:

0.19

Est. Taxes:

$6,827

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Corner Lot, Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Other, Near Railroad

Amenities:

Other

MLS #:

1599767

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Keller Williams Realty scottandsunny@kw.com

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