Active
105 Union Avenue
Old Orchard Beach ME, 04064
$1,300,000
Active
4 Baths
4,016 sqft
Multi-family
Built in 1900
Courtesy of Keller Williams Realty
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!
1580224
MLSⓇ ID
March 16, 2024
Updated
Map
105 Union Avenue
Old Orchard Beach ME, 04064
Interior Features
Total Stories
2
Total Bathrooms
4
Interior Features
1 st Floor Bedroom, One-Floor Living
Laundry Description
Laundry - 1 st Floor, Main Level
Floor Description
Wood, Laminate
Fireplace
No
Cooling
No
Cooling Description
None, Heat Pump
Heating
Yes
Heating Description
Heat Pump, Forced Air
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
Level, Open Lot, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Near Railroad
Architectual Style
Colonial, New Englander, Shingle Style
Roof
Shingle
Sewer
Public Sewer
School Information
School District
RSU 23
Other Property Details
Taxes
$6,970
Tax Frequency
Annually
Garage
No
Parking
5 - 10 Spaces, Other, Paved
View
No
County
York
Water Source
Public
Pool
No
Zoning
R2
Buyer Agency Compensation
2%
Listing Contact: 207-712-4918
Courtesy of Keller Williams Realty
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Data last updated 2:38 AM UTC, 3/16/2024