Price Reduced 15.22%

$975,000

Est. Mortgage $0/mo *

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Open House Schedule

11/03/2024
11:00 AM to 1:00 PM
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Price History

$1,150,000
10/16/2024

$975,000
10/22/2024

20 Seacliff Avenue, Old Orchard Beach, ME, 04064

20 Seacliff Avenue, Old Orchard Beach, ME, 04064
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5 Full baths

1890

Multi-Level, New Englander

3,099 sqft

Location location location less than 300 yards to the Sandy beach in beautiful old orchard beach , renowned for its stunning coastline and vibrant community, presents a unique investment opportunity with this fully occupied 5-unit property. The recent updates add to its appeal, offering a blend of two efficiency units, one one-bedroom, and two two-bedroom apartments, all currently rented on a month-to-month basis. The under-market rents suggest a substantial upside for future income growth. With its prime location close to local shops, dining, and entertainment, plus the convenience of off-street parking, this property stands out as an excellent choice for investors. Whether for long-term leasing or exploring the lucrative Airbnb market, the potential is vast. This property not only promises immediate cash flow but also the flexibility for a condo conversion or expansion, possibilities catering to a range of investment strategies. Embrace the chance to own a piece of this beach community, a rare find indeed in the heart of Old Orchard Beach. If you need any more details or have specific questions about the property or the area, feel free to ask!

Status:

Active

Type:

Multi-family

Laundry Remarks:

Laundry - 1st Floor, Main Level, Washer Hookup

Units:

5

Zoning:

brd

Subdivision:

No

Heating:

Multi-Zones, Hot Water, Forced Air, Direct Vent Heater, Baseboard

Cooling:

None

Basement:

Dirt Floor, Walk-Out Access, Exterior Only, Unfinished

Levels:

2

Parking:

5 - 10 Spaces, Gravel, Paved, On Site, Carport

Acreage:

0.14

Est. Taxes:

$7,671

Construction

Wood Siding, Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Intown, Near Golf Course, Near Public Beach, Near Town, Near Railroad

Amenities:

1st Floor Bedroom

Pet Policy:

No Restrictions

MLS #:

1606949

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Dream Home Realty LLC