107 Ocean Avenue,Old Orchard Beach, ME 04064
Old Orchard Beach, ME 04064
Description
Searching for a turnkey multi-unit, the major work has already been done AND short distance to the beach? Then welcome to 107 Ocean Ave in Old Orchard Beach, offering a cap rate of 9.1! This three unit property has had significant renovations completed in 2022, which include a new roof and siding, exterior improvements, updated electrical and plumbing systems, three new heating systems, three new hybrid water heaters, and numerous new windows! Extensive interior renovations have also been completed, offering updated living spaces throughout. Additional features include two closed in glass porches, a peaceful backyard, and ample basement storage. A driveway has been installed, so no need for tenants to look for off street parking! Each unit is separately metered with its own electrical panel, dual heating systems, and individual propane tanks, which offer ease of management. Whether you're seeking an investment property, Airbnb, or owner occupied multi-unit in a desirable location that the heavy lifting has already been done, please reach out to me!
Details
| MLS # | 1652589 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 213 |
| Listing Provided By | Century 21 North East | Mitchell Holman |
Features
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 2,199 |
| Basement | Y |
| Units | 3 |
| Zoning | R2 |
| Acreage | 0.09 |
Interior
| Interior Features | Shower |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Cooling | None |
| Amenities Co Amenities | Shower |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Lot Features | Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Open Lot |
| Waterfront Features | Nearby |
| Construction Materials | Other, Vinyl Siding |
| Door Features | Storm Door(s) |
| Exterior Co Exterior | Vinyl Siding |
| Patio And Porch Features | Glassed-in Porch |
| Window Features | Double Pane Windows, Storm Window(s) |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Gravel, 5 - 10 Spaces, On Site, On Street |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | On Site, Circuit Breakers |
Taxes
| Tax Annual Amount | 4116 |
|---|---|
| Tax Book Number | 19095 |
| Tax Year | 2024 |
| Tax Block | 11 |
| Tax Lot | 8 |
| Tax Map Number | 314 |
Area Information
| State | ME |
|---|---|
| County | York |
| City | Old Orchard Beach |
| Zip Code | 04064 |
| Area | York |
| Listing VS Median (in 04064) | |
Price: $599,999 low | high Med: $555,000 sqft: 2,199 low | high Med: 1,041 $ / sqft: $273 low | high Med: $533 On site: 213 low | high Med: 4 | |
Market Activity 04064
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Learn More About This Property
| State | ME |
|---|---|
| County | York |
| City | Old Orchard Beach |
| Zip Code | 04064 |
| Area | York |
| Listing VS Median (in 04064) | |
Price: $599,999 low | high Med: $555,000 sqft: 2,199 low | high Med: 1,041 $ / sqft: $273 low | high Med: $533 On site: 213 low | high Med: 4 | |