105 Union Avenue

Old Orchard Beach, ME 04064

MLS ID# 1580224 Active

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$1,300,000

0 parking spaces

4016 sqft

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

Description

HUGE Turn Key Investment Rental Opportunity in Old Orchard Beach! This 4 unit is a money maker! Maximize your rental income by renting weekly during the summer months and to local students, nurses or families during the off-season. Great cash flow history and the potential to make even more! Beautiful shingled home with tons of charm and a wrap-around porch hosts the first two units. An additional building was built in 2018 where the other two units reside. The back two units have an identical layout with all modern features including heat pumps for year-round controlled temperature. The back units are currently being rented seasonally for 9 months and then weekly throughout the summer months. The front units, in the original home, are currently being rented as year round apartments. This property is located on a large lot with plenty of off-street parking and space for outdoor recreation. Centrally located to the beach and pier. This property is full of options to make incredible summer and winter rental income! Or, better yet use one unit as your summer retreat or year round residence and rent the others! HUGE Turn Key Investment Rental Opportunity in Old Orchard Beach! This 4 unit is a money maker! Maximize your rental income by renting weekly during the summer months and to local students, nurses or families during the off-season. Great cash fl... show more

Location Information

• Street # 105
• Street Name Union
• Street Type Avenue
• County York
• Town Old Orchard Beach
• State/Province ME
• Zip Code 04064
• Zip +4 2429
• Leased Land No
• Book 17427
• Page 913-914
• Map 314
• Block 14
• Lot 3
• Zoning R2
• Zoning Overlay Unknown
• Tax ID OOBH-000314-000014-000003
• Association No
• School District RSU 23
• Full Tax Amount 6969.96
• Tax Year 2024

Property Information

• Surveyed Unknown
• Seasonal No
• Owner Occupied No
• Short Sale Continue to Show No
• Deed All
• Deed Restrictions Unknown
• Bank Owned REO No
• 2 Detached Houses on 1 Lot No
• Number of Units 4
• Total Baths 4
• Total Full Baths 4
• Total Half Baths 0
• Color Tan
• Year Built 1900
• SqFt Finished Above Grade 4016
• SqFt Finished Below Grade 0
• SqFt Finished Total 4016
• SqFt Source Other
• Other Source of Square Footage Public Record
• Garage No
• Garage Spaces 0
• Lot Size Acres +/- 0.25
• Source of Acreage Public Records
• Road Frontage Yes
• Road Frontage +/- 155
• Source of Road Frontage Public Records
• Road Front Other Source Measured from Property Card

Compensation & Misc Info

• Buyer Agency 2%

Details

• Site

  Level, Open

• Roads

  Public

• Transportation

  Rail Available

• Water Info

  No Water Frontage, No Water View

• Recreational Water

  Nearby, Public

• Building Info

  # Stories:2, # Floors:2, # Heating Units:3, # Water Heaters:3

• Income & Expenses

  Gross Income:126992, Operating Expenses:28950

• Units

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

• Fixtures Exclusions

  Washer Dryer

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:1766, # Full Baths:1, # 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:First, Security Deposit, Monthly Rent:2500, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  Lease, Level:Second, Security Deposit, Monthly Rent:2500, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, No Heat, Range, Refrigerator, Sewer, Water

• Style

  Colonial, New Englander, Shingle Style

• Construction

  Wood Frame

• Basement

  Full, Unfinished

• Basement Entry

  Interior

• Foundation Materials

  Poured Concrete, Stone

• Exterior

  Shingle Siding, Vinyl Siding, Wood Siding

• Roof

  Shingle

• Heat System

  Forced Air, Heat Pump

• Heat Fuel

  Electric, K-1/Kerosene, Oil

• Water Heater

  Electric

• Cooling

  Heat Pump, None

• Floors

  Laminate, Wood

• Amenities

  One-Floor Living

• Patio and Porch Features

  Porch

• Equipment

  Cable, Other Equipment

• Energy Efficiency

  Dehumidifier, Storm Windows

• Driveway

  Other, Paved

• Parking

  5 - 10 Spaces

• Vehicle Storage

  No Vehicle Storage

• Restrictions

  No Restrictions

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  No Gas

• Sewer

  Public Sewer

• Water

  Public