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Presented by
John Weldon |
20 Seacliff Avenue, Old Orchard Beach, ME, 04064 | $975,000
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!
Features
- Amenities: 1st Floor Bedroom
- Baths: 5 full
- Units: 5
- Laundry: Laundry - 1st Floor, Main Level, Washer Hookup
- Style: Multi-Level, New Englander
- Year Built: 1890
- Heating: Multi-Zones, Hot Water, Forced Air, Direct Vent Heater, Baseboard
- Cooling: None
- Basement: Dirt Floor, Walk-Out Access, Exterior Only, Unfinished
- Approx Sq. Feet: 3,099
- Acreage: 0.14
- Est. Taxes: $7,671
- Lot Desc: Level, Intown, Near Golf Course, Near Public Beach, Near Town, Near Railroad
- Pet Policy: No Restrictions
- MLS#: 1606949
- Website: https://www.raveis.com
/prop/1606949/20seacliffavenue_oldorchardbeach_me?source=qrflyer
 | Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. |  |
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