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$737,000
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Property Description
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!
Full Property Details
Full Property Details for 57 Cedar Ave
General
- Sold For: $737,000
- Taxes: $6,827 (23)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1599767
- Added to Site: 187 day(s) ago
Interior
- Interior Features: Other
- Flooring: Laminate, Carpet
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 7
Other Rooms
- Laundry: Laundry - 1st Floor, Main Level
Parking
- Parking Features: 11 - 20 Spaces, Common
Location
- County: York
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Private
- Utility Description: Utilities On
Structural Information
- Architectural Style: New Englander, Other Style
- Construction: Vinyl Siding, Wood Frame
- Roof: Shingle
- Building Size: 3257
- Square Feet: 3,257
- Living Area: 3,257 Sq. Ft.
- Finished Total: 3,257 Sq. Ft.
- Finished Above Grnd: 3,257 Sq. Ft.
- Year Built: 1920
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276.4
- Lot Size Source: Public Records
- Zoning: R2
- Lot Description: Corner Lot, Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Other, Near Railroad
Financial Considerations
- Tax Amount: $6,827
- Tax Year: 23
Disclosures and Reports
- Documents Avail.: Deed Public Access, Lead Paint Addendum Public Access, Property Disclosure Public Access, Other Public Access 1, Other Member Only
- Block: 8
- Lot Number: 13
Listed by Keller Williams Realty (207) 879-9800
Sold by The Real Estate Store (207) 883-4327
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Schools
Schools serving 57 Cedar Ave
School District:Regional School Unit 23
Rating | Name | Grades | Distance |
---|---|---|---|
148 Saco Ave, Old Orchd Bch, ME 04064 | 3-8 | 0.4 mi | |
Jameson Elementary School
20 Jameson Hill Rd, Old Orchd Bch, ME 04064 | PK-2 | 0.5 mi | |
40 E Emerson Cummings Blvd, Old Orchd Bch, ME 04064 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 57 Cedar Ave
Date
Details
Price
Change
Source
10/04/2024
Sold
$737,000
17.92%
MLS
8/08/2024
Listed
$625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
57 Cedar Avenue, Old Orchard Beach, ME 04064 (MLS# 1599767) is a Multi-Family property that was sold at $737,000 on October 04, 2024. Want to learn more about 57 Cedar Avenue? Do you have questions about finding other Multi-Family real estate for sale in Old Orchard Beach? You can browse all Old Orchard Beach real estate or contact a Coldwell Banker agent to request more information.