Old Orchard Beach, ME, 04064 | $625,000
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!
Features
- Construction: Vinyl Siding, Wood Frame
- Parking: 11 - 20 Spaces
- Heating: Hot Water, Baseboard
- Cooling: None
- Units: 7
- Zoning: R2
- Year Built: 1920
- Approx Sq. Feet: 3,257
- Acreage: 0.19
- Est. Taxes: $6,827
- Lot Desc: Public Transport Access, Near Turnpike/Interstate, Near Shopping, Other
- MLS#: 1599773
- Website: https://www.raveis.com
/prop/1599773/_oldorchardbeach_me?source=qrflyer
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