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

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Brick & Barn Real Estate | Scott Rome shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:38 AM UTC, 3/16/2024

 

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