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Multi-FamilyMEOld Orchard Beach0406440 Grand Avenue, Old Orchard Beach, ME, 04064

40 Grand Avenue, Old Orchard Beach, ME, 04064

40 Grand Avenue, Old Orchard Beach, ME, 04064
4 baths
$1,185,000
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Basics

  • Date added: Added 6 months ago
  • Category:
  • Status:
  • Bathrooms: 4
  • Lot size: 0.13 sq ft
  • Year built: 1910
  • Bathrooms Full: 4
  • Lot Size Acres: 0.13 acres
  • Zoning: DD-2
  • County: York
  • MLS ID: 1629599

Description

  • Description:

    Discover the potential of this remarkable property, featuring five rental units with significant upside for the new owner. The front building includes two spacious 2-bedroom units, each with stunning ocean views, full kitchens, and a front porch that overlooks the lively OOB scene as well as a charming sandwich shop. The rear building offers two recently updated 1-bedroom units, each with a modern kitchen. All units have designated off-street parking spots year-round, plus an extra spot available in the winter months. Located directly across from the sandy beach, with a crosswalk in front and direct beach access via Aldine Terrace, this property is perfectly situated. Enjoy easy walks to the beach, the pier, and all that OOB has to offer. Currently used as an Airbnb, this property generates approximately $80k in summer revenue and an additional $60k from month-to-month rentals in the off-season. Ideal as an income property, a family beach compound, or a combination of both, this is an opportunity not to be missed!

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Location

  • View: Scenic

Building Details

  • Building Area Total: 2427 sq ft
  • Number Of Units Total: 5
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: Other
  • Sewer: Public Sewer
  • Heating: Hot Water, Direct Vent Heater, Baseboard
  • Roof: Shingle
  • Levels: Multi-Level
  • Basement: , , ,

Amenities & Features

  • Laundry Features: Washer Hookup
  • Electric: Circuit Breakers
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Utilities: Utilities On
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site
  • Garage Spaces: 0
  • WaterSource: Public
  • Interior Features: Storage
  • Lot Features: Level, Right of Way, Sidewalks, Near Public Beach, Near Shopping, Near Town, Near Railroad
  • Patio And Porch Features: Porch
  • Cooling: Wall/Window Unit(s)

Fees & Taxes

  • Gross Income: $138,400

Miscellaneous

  • Pets Allowed: Yes

Courtesy of

  • List Office Name: Plowman Realty Group

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Office: 207-942-6310

458 Main Street
Bangor, ME 04401
LICENSE #BA928013
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