40 E Grand AVE Active Save Request In-Person Tour Request Virtual Tour
Old Orchard Beach,ME 04064
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 2,427 sqft
Price per Sqft $535
MLS Listing ID 1629599
Style Other
Full Baths 4
Year Built 1910
Annual Tax Amount $9,191
Tax Year 2024
Lot Size 5,662 Sqft
Property Description
Discover the potential of this remarkable property, featuring five rental units with significant upside for the new owner. The front building includes two spacious 2-bedroom units, each with stunning ocean views, full kitchens, and a front porch that overlooks the lively OOB scene as well as a charming sandwich shop. The rear building offers two recently updated 1-bedroom units, each with a modern kitchen. All units have designated off-street parking spots year-round, plus an extra spot available in the winter months. Located directly across from the sandy beach, with a crosswalk in front and direct beach access via Aldine Terrace, this property is perfectly situated. Enjoy easy walks to the beach, the pier, and all that OOB has to offer. Currently used as an Airbnb, this property generates approximately $80k in summer revenue and an additional $60k from month-to-month rentals in the off-season. Ideal as an income property, a family beach compound, or a combination of both, this is an opportunity not to be missed!
Location
State ME
County York
Zoning DD-2
Interior
Heating Hot Water,Direct Vent Heater,Baseboard
Cooling Wall/Window Unit(s)
Flooring Wood,Vinyl,Laminate,Carpet
Equipment Internet Access Available,Cable
Laundry Washer Hookup
Exterior
Parking Features 5 - 10 Spaces,Paved,Common,On Site
Utilities Available 1
View Y/N Yes
View Scenic
Roof Type Shingle
Building
Lot Description Level,Right of Way,Sidewalks,Near Public Beach,Near Shopping,Near Town,Near Railroad
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame