105 Union Avenue Old Orchard Beach, ME

$1,300,000
Baths 4
Square Footage 4,016
Acres 0.25
Photo of 105 Union Avenue Old Orchard Beach ME 04064




Description

HUGE Turn Key Investment Rental Opportunity in Old Orchard Beach! This 4 unit is a money maker! Maximize your rental income by renting weekly during the summer months and to local students, nurses or families during the off-season. Great cash flow history and the potential to make even more! Beautiful shingled home with tons of charm and a wrap-around porch hosts the first two units. An additional building was built in 2018 where the other two units reside. The back two units have an identical layout with all modern features including heat pumps for year-round controlled temperature. The back units are currently being rented seasonally for 9 months and then weekly throughout the summer months. The front units, in the original home, are currently being rented as year round apartments. This property is located on a large lot with plenty of off-street parking and space for outdoor recreation. Centrally located to the beach and pier. This property is full of options to make incredible summer and winter rental income! Or, better yet use one unit as your summer retreat or year round residence and rent the others!


Listed by Keller Williams Realty, Scott Reiff Denise Reiff 207-879-9800

Details

MLS 1580224
Status Active
Price $1,300,000
DOM 164 days
Type Multi-Family
Style Colonial, Shingle Style, New Englander
Total Baths 4 full baths
Square Feet 4,016 sqft
Lot Size 0.25 acres
Year Built 1900
Taxes Paid $6,969

Lot & Building Features

Cooling Heat Pump, None
Tax Year 2024
Taxes Paid $6,969

Room Details

Basement Description Full, Unfinished, Interior Entry

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 4
Unit 3 Full Baths 1
Unit 3 of Bedrooms 3
Unit 3 of Rooms 5
Unit 4 Full Baths 1
Unit 4 of Bedrooms 3
Unit 4 of Rooms 5

Map

Multi-Family Home for Sale: 105 Union Avenue, Old Orchard Beach, ME 04064

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Financing

$
20%
0.53615076923077%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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