5 Fourth Avenue Old Orchard Beach, ME

$1,300,000
Square Footage 1,925
Acres 0.12
Photo of 5 Fourth Avenue Old Orchard Beach ME 04064




Description

Just one house back and steps to the beach and a short walk to the center of OOB. This 5 bedroom turn key investment property has a strong rental history and is fully booked out for the upcoming summer season and beyond. Very well maintained and nicely updated while keeping the warm summer beach house feel. Take in beach and water views from the front porch and many second story rooms. Projected gross income for the 2024 season is $92K including off season rentals. All current rental agreements must be honored.


Listed by Portside Real Estate Group, David Sawyer 207-846-4300

Details

MLS 1590335
Status Active
Price $1,300,000
DOM 27 days
Type Commercial
Square Feet 1,925 sqft
Lot Size 0.12 acres
Year Built 1921
Taxes Paid $8,414

Lot & Building Features

Cooling A/C Units
Tax Year 2024
Taxes Paid $8,414

Room Details

Basement Description Bulkhead, Full

Map

Building for Sale: 5 Fourth Avenue, Old Orchard Beach, ME 04064

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Financing

$
20%
0.64723076923077%
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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