FOR SALE0.25 ACRES
105 Union Avenue
Old Orchard Beach, ME 04064
Studio
4 Baths
4,016 sqft (on 0.25 acres)
- Studio
- 4 Baths
- 4,016 sqft (on 0.25 acres)
Studio
4 Baths
4,016 sqft
(on 0.25 acres)
Local Information
© Google
-- mins to
Commute Destination
Last check for updates: about 24 hours ago
Listing courtesy of Keller Williams Realty, 207-712-4918
Source: Maine Listings, MLS#1580224
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!
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!
Home Highlights
Parking
No Info
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
$324
Listed
No Info
Home Details for 105 Union Avenue
Active Status |
|---|
MLS Status: Active |
Interior Features |
|---|
Interior Details Basement: Full,Interior Entry,Unfinished |
Beds & Baths Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 4016 Square Feet |
Appliances & Utilities Laundry: Laundry - 1st Floor,Main Level |
Heating & Cooling Heating: Heat Pump,Forced AirNo CoolingAir Conditioning: None,Heat PumpHas HeatingHeating Fuel: Heat Pump |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Flooring: Wood, Laminate |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Floors: Wood, Laminate |
Exterior Features |
|---|
Exterior Home Features Roof: ShinglePatio / Porch: PorchFoundation: Stone, Concrete PerimeterNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: 5 - 10 Spaces,Other,Paved |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 4016 Square Feet |
Property Information |
|---|
Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Colonial,New Englander,Shingle Style |
Building Construction Materials: Wood Siding, Vinyl Siding, Shingle Siding, Wood Frame |
Property Information Not Included in Sale: Washer Dryer |
Price & Status |
|---|
Price List Price: $1,300,000Price Per Sqft: $324 |
Location |
|---|
Direction & Address City: Old Orchard Beach |
School Information High School District: RSU 23 |
Agent Information |
|---|
Listing Agent Listing ID: 1580224 |
Building |
|---|
Building Area Building Area: 4016 Square Feet |
Lot Information |
|---|
Lot Area: 10890 sqft |
Compensation |
|---|
Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
|---|
BasementMls Number: 1580224Attribution Contact: 207-712-4918 |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $6,606 |
| Assessment | $539,700 |
Home facts updated by county records
Comparable Sales for 105 Union Avenue
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.06 | Multi-Family Home | $563,300 | 12/20/23 | 3 | 2,596 | ||
0.26 | Multi-Family Home | $750,000 | 03/01/24 | 5 | 3,046 | ||
0.05 | Multi-Family Home | $530,007 | 07/21/23 | 3 | 2,174 | ||
0.55 | Multi-Family Home | $894,000 | 06/01/23 | 5 | 3,863 | ||
0.34 | Multi-Family Home | $600,000 | 08/07/23 | 5 | 1,828 | ||
0.29 | Multi-Family Home | $450,000 | 10/02/23 | 3 | 1,281 | ||
0.41 | Multi-Family Home | $565,000 | 09/06/23 | 2 | 2,024 | ||
0.23 | Multi-Family Home | $463,785 | 09/05/23 | 4 | 2,112 | ||
0.24 | Multi-Family Home | $425,000 | 03/08/24 | 2 | 1,400 | ||
0.43 | Multi-Family Home | $620,000 | 06/05/23 | 2 | 2,016 |
What Locals Say about Old Orchard Beach
- Shannonbarnivle
- Resident
- 4mo ago
"Relatively quiet in off season. Very busy in summer months. Nice trails for dog walking or kicking. "
- Trulia User
- Resident
- 2y ago
"Free to roam the beach a certain hours. Many areas to rent with dogs. Trash and dog bags ..............😉😉🐕🐕🐕🦮🐶"
- Bonnie G.
- Prev. Resident
- 5y ago
"I really don't know much about the neighborhood because of changes during the winter in the summer it's so crowded and happy and all kinds of things going on but in the winter it's very quiet you barely see anybody and just different. "
- Hlwizboski
- Resident
- 5y ago
"Family like setting! Living by the sea. Having the freedom of going into the heart of Portland with it being a short drive away."
- Cherylsessions86
- Resident
- 5y ago
"They would like walking their dog on the beach. dThey would also enjoy the dog park and the fact that there are lots of dog owners."
- 2boaters
- Visitor
- 5y ago
"Wr are visiting for four days an staying at a RV campground. There are lots of restaurants around. It is close to other ares of interest like Portland and Kennebunkport. It is a tourist trap."
- Debbie_asif
- 9y ago
"Unusually quiet neighborhood for Old Orchard, One mile from Ocean Park Beach. Nearby Ferry Beach and Camp Ellis with easy access to I-95."
- Proncallo
- 10y ago
"Great place to spend your summers in. Lack of Natural gas make heating expensive if occupying in winter."
- maine392
- 10y ago
"Convenient to highway, close to some of the most beautiful beaches in New England. Seven miles of beautiful sandy, walkable, beaches. Safe area, safe, good quality schools. Pretty neighborhood. Many restaurants and much family or single-oriented entertainment. 15 minute drive to Portland. Would move here again if I had to make the choice! "
- Linda
- 12y ago
"It's a beautiful area of the ocean, just outside the honky-tonk of downtown Old Orchard Beach, where families have lived/vacationed for generations and are proud of the heritage there. Just a couple of small shops and restaurants but close to more choices down in OOB proper and just a half-hour from the bustle of Portland. It's peaceful and relaxed and unhurried as a way of life in Ocean Park, and the people who live there are lucky to be doing so!"
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Keller Williams Realty
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
105 Union Avenue, Old Orchard Beach, ME 04064 is a studio, 4 bathroom, 4,016 sqft multi-family built in 1900. This property is currently available for sale and was listed by Maine Listings on Jan 10, 2024. The MLS # for this home is MLS# 1580224.