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57 Cedar AvenueOld Orchard Beach, ME 04064MLS Number 1599767

  • Sale Price: $737,000
  • 11 Days Since Sale
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Federal 30-year interest rate: 6.32% last updated on Oct 10, 2024
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57 Cedar Avenue Old Orchard Beach ME 04064
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  • 0.19Acreage
  • 7Bathrooms
  • 1920Year Built
  • 3,257Square Feet

Driving Directions

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!
Listed by Keller Williams Realty (scottandsunny@kw.com)

Sold by The Real Estate Store

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More Info

Basic Information

  • Attribution Contact scottandsunny@kw.com
  • Documents Available Deed Public Access, Lead Paint Addendum Public Access, Property Disclosure Public Access, Other Public Access 1, Other Member Only
  • Gross Income $74,400

Building

  • Above Grade Finished Area 3,257
  • BasementBulkhead, Exterior Entry, Unfinished
  • Building ConstructionVinyl Siding, Wood Frame
  • Property StyleNew Englander, Other Style
  • Units7
  • Units Numof 1 Bd Units 6
  • Units Numof 2 Bd Units 1
  • Year Built1920

Interior

  • Flooring Laminate, Carpet
  • Interior Features Other

Property Information

  • Acreage0.19
  • Lot Features
    • Corner Lot
    • Intown
    • Level
    • Near Golf Course
    • Near Public Beach
    • Near Railroad
    • Near Shopping
    • Near Turnpike/Interstate
    • Neighborhood
    • Open Lot
    • Other
  • Lot Size Square Feet 8,276
  • Lot Size Units Acres
  • Site Corner Lot, Level, Open
  • Square Feet3,257

Tax Information

  • Tax Book Number 11844
  • Tax Lot13
  • Tax Map Number 312
  • Tax Year 23
  • Taxes$6,827

Location

  • Address57 Cedar Avenue
  • Building Number57
  • CountyYork
  • DrivewayCommon
  • Latitude43.511854
  • Longitude-70.384208
  • StateME
  • StreetCedar Avenue
  • TownOld Orchard Beach
  • Zip04064

Property

  • Lot Size SourcePublic Records
  • Road FrontagePaved, Public

Utilities

  • Electric Circuit Breakers
  • Heat SystemHot Water, Baseboard
  • Heating FuelOil
  • Heating YN Yes
  • Laundry Features Laundry - 1st Floor, Main Level
  • Sewer Public Sewer
  • Utilities Utilities On
  • Water HeaterOil
  • Water Source Private

Parking

  • Parking Features 11 - 20 Spaces, Common

Rooms

  • Bathroom7
  • Full Bath7

Basic Information

  • Agent ID006475,020881
  • Broker ID1898
  • Broker NameKeller Williams Realty
  • List Price$625,000
  • LocationTypeIntown, Near Country Club, Near Public Beach, Near Railroad, Near Shopping, Near Turnpike/Interstate, Neighborhood, Other Location
  • MLS Number1599767
  • Modification Date10/04/2024
  • Property TypeResidential Income
  • Sale Date10/04/2024
  • Sale Price$737,000

Exterior

  • Exterior Vinyl Siding
  • RoofShingle

Amenities

  • AmenitiesLaundry - 1st Floor, Other Amenities
  • Mls StatusClosed
  • Other AmenitiesBasement, Beachfront, Fireplace

Legal

  • ZoningR2

Photos

  • Number of Photos41

Other

  • Date Listed08/08/2024
  • Recreational Water Nearby, Public

Old Orchard Beach, ME Demographics

There is no data available

Old Orchard Beach, ME Real Estate Market Data

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Old Orchard Beach, ME Schools

School NameDistanceTypeGrades
Gosselin Realty Group

Your Local Office

More Info »
Gosselin Realty Group
Office: 207-363-2414
647 US Route One
Suite 210, PO Box 393
York, ME 03909

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Gosselin Realty Group participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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