Old Orchard Beach, ME 04064,57 Cedar AVE
Old Orchard Beach, ME 04064,57 Cedar AVE
Old Orchard Beach, ME 04064,57 Cedar AVE
Listed by Keller Williams Realty • scottandsunny@kw.com
Bought with The Real Estate Store
$737,000
$625,000
17.9%
Est.Price: ?

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7 Baths
3,257 SqFt
SOLD DATE : 10/04/2024

Key Details

Sold Price $737,000

Property Type Multi-Family

Listing Status Sold

Square Footage 3,257 sqft

MLS Listing ID 1599767

Sold Date 10/04/24

Style New Englander,Other Style

Full Baths 7

HOA Y/N No

Abv Grd Liv Area 3,257

Originating Board Maine Listings

Year Built 1920

Annual Tax Amount $6,827

Tax Year 23

Lot Size 8,276 Sqft

Acres 0.19

Property Description

Rare opportunity in the heart of Old Orchard Beach! Discover an exceptional investment less than a half mile to the sand and surf. This 7-unit is fully rented (month to month) and offers immediate cash flow with 3 efficiency units, 3 one-bedroom apartments, and 1 two-bedroom apartment—all with under-market rents, providing significant potential for future income growth. Nestled in the heart of Old Orchard Beach, this property is convenient to local amenities, including shops, dining, and entertainment. Off-street parking is an added bonus, making this a prime choice for investors looking to expand their portfolio in a sought-after location. This property is perfect for long-term tenants or Airbnb potential. Don't miss out on this exceptional opportunity!

Location

State ME

County York

Zoning R2

Rooms

Basement Bulkhead, Exterior Entry, Unfinished

Interior

Interior Features Other

Heating Hot Water, Baseboard

Cooling None

Flooring Laminate, Carpet

Laundry Laundry - 1st Floor, Main Level

Exterior

Garage 11 - 20 Spaces, Common

Waterfront No

View Y/N No

Roof Type Shingle

Street Surface Paved

Parking Type 11 - 20 Spaces, Common

Garage No

Building

Lot Description Corner Lot, Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Other, Near Railroad

Sewer Public Sewer

Water Private

Architectural Style New Englander, Other Style

Structure Type Vinyl Siding,Wood Frame

Others

Energy Description Oil

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Maine MLS (MREIS) IDX

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Paul Rondeau

+1(207) 229-7613

Broker Associate | License ID: BA923327

Broker Associate License ID: BA923327

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