75 E Grand Avenue

Old Orchard Beach, ME 04064

MLS ID# 1572036 Pending

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$1,100,000

1776 sqft

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

Description

Old Orchard Beach, considered one the top investment locations in Maine! This well cared for 3 unit, just steps from the sands of the Atlantic, offers creative and lucrative short term and long term rental options - with a layout that lends itself to 3 separate units or combine to make one large property offering privacy and space ideal for multi family parties. With an NOI of over $90k, there are few investments yielding this return in our current market. Guests and tenants alike are drawn to a main feature of this property, the one thing you can't change in real estate - location! Easily accessible to restaurants, shops, the pier, and miles of sandy beach. With all furnishings negotiable and a local property management team with proven success in some of the highest grossing rental properties in Maine available to you, this is truly a turn key investment. Old Orchard Beach, considered one the top investment locations in Maine! This well cared for 3 unit, just steps from the sands of the Atlantic, offers creative and lucrative short term and long term rental options - with a layout that lends itself ... show more

Location Information

• Street # 75
• Street Name E Grand
• Street Type Avenue
• County York
• Town Old Orchard Beach
• State/Province ME
• Zip Code 04064
• Leased Land No
• Book 19021
• Page 61-63
• Map 304
• Block 3
• Lot 6
• Zoning BRD
• Zoning Overlay Unknown
• Tax ID 75EGrandAveOOB04064
• Association No
• Full Tax Amount 7193
• Tax Year 2024

Property Information

• Surveyed Unknown
• Seasonal No
• Owner Occupied No
• Number of Units 3
• Total Baths 3
• Total Full Baths 3
• Total Half Baths 0
• Year Built 1940
• SqFt Finished Above Grade 1776
• SqFt Finished Below Grade 0
• SqFt Finished Total 1776
• SqFt Source Public Records
• Garage No
• Lot Size Acres +/- 0.04
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2.5%

Directions

GPS Location is accurate. Sign on property.

Details

• Site

  Level, Open, Sidewalks

• Roads

  Public

• Water Info

  No Water Frontage, Water View, Water Body Name:Atlantic Ocean

• Water Body Type

  Ocean

• Recreational Water

  Nearby, Public, ROW to Water

• Income & Expenses

  Gross Income:113810, Operating Expenses:22156

• Units

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

• Unit 1

  Lease, Level:Second, Security Deposit, Monthly Rent:1500, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:Second, Security Deposit, Monthly Rent:1700, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:First, Security Deposit, Monthly Rent:1850, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  Contemporary

• Construction

  Wood Frame

• Basement

  Full, Unfinished, Walkout Access

• Basement Entry

  Bulkhead, Interior, Walk-Out

• Foundation Materials

  Poured Concrete

• Exterior

  Vinyl Siding

• Roof

  Shingle

• Heat System

  Baseboard, Forced Air, Other Heat System

• Heat Fuel

  Electric, Oil, Propane

• Water Heater

  Electric

• Cooling

  None

• Floors

  Laminate

• Patio and Porch Features

  Glassed-in Porch, Porch, Porch-Screened

• Driveway

  Paved

• Parking

  1 - 4 Spaces, Reserved

• Vehicle Storage

  2 Car, Carport

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Bottled

• Sewer

  Public Sewer

• Water

  Public