102 Saco Avenue

Old Orchard Beach, ME 04064

MLS ID# 1486482 Closed

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Closed $560,000

1 parking spaces

3278 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

Description

This well maintained, owner occupied FIVE-UNIT is located in the heart of Old Orchard Beach! Nicely perched on a corner lot, the sky is the limit with this property! Short walking distance to downtown and all its amenities (shops, restaurants, bars) as well as the public beach, park, tennis/basketball courts, schools and the Amtrak line. It features a two-bedroom on the first floor; studio and one-bedroom on the second floor and two separate (detached) one-bedroom cabins. Tenants are year-round (TAW for all units) and the current rents are below market rates. Property is being SOLD AS-IS. Don't miss out on this rare investment opportunity! This well maintained, owner occupied FIVE-UNIT is located in the heart of Old Orchard Beach! Nicely perched on a corner lot, the sky is the limit with this property! Short walking distance to downtown and all its amenities (shops, restaurants, bars)... show more

Location Information

• Street # 102
• Street Name Saco
• Street Type Avenue
• County York
• Town Old Orchard Beach
• State/Province ME
• Zip Code 04064
• Zip +4 1827
• Leased Land No
• Book 14720
• Page 0971
• Map 206
• Block 4
• Lot 4
• Zoning R-2
• Zoning Overlay No
• Tax ID OOBH-000206-000004-000004
• Association No
• Full Tax Amount 4160
• Tax Year 2020

Property Information

• Surveyed No
• Seasonal No
• Owner Occupied Yes
• Short Sale Continue to Show No
• Deed/Conveyance Type Offered Warranty
• Deed All
• Deed Restrictions Unknown
• 2 Detached Houses on 1 Lot No
• Number of Units 5
• Total Baths 6
• Total Full Baths 6
• Total Half Baths 0
• Color White
• Year Built 1940
• SqFt Finished Above Grade 3028
• SqFt Finished Below Grade 250
• SqFt Finished Total 3278
• SqFt Source Public Records
• Garage Yes
• Garage Spaces 1
• Lot Size Acres +/- 0.13
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2%

Directions

On the corner of Glenwood Ave and Saco Ave.

Details

• Site

  Corner Lot, Level

• Roads

  Paved, Public

• Transportation

  Major Road Access, Public Transport Access, Rail Available

• Water Info

  No Water Frontage, No Water View

• Recreational Water

  Nearby, Public

• Building Info

  # Fireplaces:0, # Stories:2, # Floors:2, # Heating Units:2, # Water Heaters:2

• Income & Expenses

  Gross Income:74436, Operating Expenses:15560

• Units

  # of 1 BD Units:4, # of 2 BD Units:1, # of 3 BD Units:0, # of 4+ BD Units:0

• Unit 1

  No Lease, Level:First, No Security Deposit, Monthly Rent:0, # Full Baths:2, # of Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:Second, Security Deposit, Monthly Rent:900, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:Second, Security Deposit, Monthly Rent:1100, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  Lease, Level:First, Security Deposit, Monthly Rent:1303, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 5

  Lease, Level:First, Security Deposit, Monthly Rent:1250, # Full Baths:1, # Half Baths:0, No Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  Multi-Level

• Construction

  Wood Frame

• Basement

  Brick/Mortar, Full

• Basement Entry

  Not Applicable

• Foundation Materials

  Poured Concrete

• Exterior

  Vinyl Siding

• Roof

  Shingle

• Heat System

  Baseboard, Hot Water

• Heat Fuel

  Electric, Oil

• Water Heater

  Electric, Tank

• Cooling

  None

• Floors

  Carpet, Tile, Vinyl, Wood

• Patio and Porch Features

  Deck, Porch, Porch-Screened

• Driveway

  Paved

• Parking

  5 - 10 Spaces, Off Street

• Vehicle Storage

  1 Car

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  No Gas

• Sewer

  Public Sewer

• Water

  Public

• Sold Info

  Buyer's Zip Code:04364, Seller Contributions:10000, Appraiser:003054, Appraiser Name:Louis Solari, Appraiser Phone Number:207-650-5365, Appraiser Email Address:[email protected]

• Sold Terms

  Conventional

• Sold Terms Other

  Not Applicable