Price Reduced 15.22%
Price History
$1,150,000
10/16/2024
$975,000
10/22/2024
20 Seacliff Avenue, Old Orchard Beach, ME, 04064
5 Full baths
1890
Multi-Level, New Englander
3,099 sqft
Location location location less than 300 yards to the Sandy beach in beautiful old orchard beach , renowned for its stunning coastline and vibrant community, presents a unique investment opportunity with this fully occupied 5-unit property. The recent updates add to its appeal, offering a blend of two efficiency units, one one-bedroom, and two two-bedroom apartments, all currently rented on a month-to-month basis. The under-market rents suggest a substantial upside for future income growth. With its prime location close to local shops, dining, and entertainment, plus the convenience of off-street parking, this property stands out as an excellent choice for investors. Whether for long-term leasing or exploring the lucrative Airbnb market, the potential is vast. This property not only promises immediate cash flow but also the flexibility for a condo conversion or expansion, possibilities catering to a range of investment strategies. Embrace the chance to own a piece of this beach community, a rare find indeed in the heart of Old Orchard Beach. If you need any more details or have specific questions about the property or the area, feel free to ask!
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Laundry - 1st Floor, Main Level, Washer Hookup
Units:
5
Zoning:
brd
Subdivision:
No
Heating:
Multi-Zones, Hot Water, Forced Air, Direct Vent Heater, Baseboard
Cooling:
None
Basement:
Dirt Floor, Walk-Out Access, Exterior Only, Unfinished
Levels:
2
Parking:
5 - 10 Spaces, Gravel, Paved, On Site, Carport
Acreage:
0.14
Est. Taxes:
$7,671
Construction
Wood Siding, Vinyl Siding, Wood Frame
Utilities
Utilities On
Lot Description:
Level, Intown, Near Golf Course, Near Public Beach, Near Town, Near Railroad
Amenities:
1st Floor Bedroom
Pet Policy:
No Restrictions
MLS #:
1606949
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Dream Home Realty LLC