$ 1,225,000
-
$1,225,000
Price -
0
Bed -
4
Bath -
2,427
SqFt
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About the Listing 3457 - 015547
Discover the potential of this remarkable property, featuring five rental units with significant upside for the new owner. The front building includes two spacious 2-bedroom units, each with stunning ocean views, full kitchens, and a front porch that overlooks the lively OOB scene as well as a charming sandwich shop. The rear building offers two recently updated 1-bedroom units, each with a modern kitchen. All units have designated off-street parking spots year-round, plus an extra spot available in the winter months. Located directly across from the sandy beach, with a crosswalk in front and direct beach access via Aldine Terrace, this property is perfectly situated. Enjoy easy walks to the beach, the pier, and all that OOB has to offer. Currently used as an Airbnb, this property generates approximately $80k in summer revenue and an additional $60k from month-to-month rentals in the off-season. Ideal as an income property, a family beach compound, or a combination of both, this is an opportunity not to be missed!
Listing Highlights for 40 E Grand Ave
Status
Active
Days on Site
59
Property Type
Multi-Family
MLS ®
1629599
Year Built
1910
Total Square Footage
2,427
Lot/Acreage
0.13
County
York
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Hot Water,Direct Vent Heater,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2427
- Below Ground Sq Ft: 0
- Basement: Interior,Walk-Out Access,Finished,Partial
- Other: Storage
- Water: Public
Exterior Details
- Lot Description: Level,Right of Way,Sidewalks,Near Public Beach,Near Shopping,Near Town,Near Railroad
- Garage Capacity: N/A
- Zoning: DD-2
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Paved,Common,On Site
Financial Details
- Tax Amount: $9,191
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
40 E Grand Ave Old Orchard Beach, ME 04064
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