Old Orchard Beach, ME 04064 27-33 Odessa Avenue
$1,600,000
Pending
18 more
Presented By: Vitalius Real Estate Group, LLC;
Baths • 8
SQFT • 5,184
Home Details
This active beach-front community investment has four (4) two-unit multi-family rentals on an oversized lot. Each building has 2 beds / 1 bath and parking. The .58 acre parcel creates even more potential for expansion. There are several obvious value-add opportunities here: increased long term rentals, seasonal short term rentals, or even a conversion into 8 individual condos. This unique package is available for the first time in 50 years. This property can be purchased in conjunction with 28 Reggio Ave, a single level rental on a lot that squares off the Odessa lot.
Presented By: Vitalius Real Estate Group, LLC;
Interior Features for 27-33 Odessa Avenue
Bathrooms
Half Baths0
Total Baths8
Other Interior Features
Above Grade Finished Area5184.0
Air Conditioning Y/NNo
BasementFull, Exterior Only, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
Electric On Property Y/NNo
FlooringWood, Vinyl, Tile
Heating Y/NYes
General for 27-33 Odessa Avenue
Additional Parcels Y/NNo
Architectural StyleDuplex, Ranch
Attached Garage No
Carport Y/NNo
CityOld Orchard Beach
Construction MaterialsShingle Siding, Wood Frame
CoolingNone
CountyYork
ElectricCircuit Breakers
Full Baths8
Garage Y/NNo
Gross Income65070.0
HeatingHot Water, Baseboard
Home Owner Assoc:No
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet25264.8
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal8
Operating Expense40182.0
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount10690.0
Tax Lot2
Tax Year2023
UtilitiesUtilities On
View Y/NNo
Waterfront Y/NNo
Year Built1960
ZoningR-3
Exterior for 27-33 Odessa Avenue
Building Area Total5184.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, Open Lot, Near Turnpike/Interstate, Near Town
Lot Size Acres0.58
Lot Size Area0.58
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features5 - 10 Spaces, Other, Off Street
Road Surface TypePaved
SpaNo
Water SourcePrivate
Additional Details
Price History
Morgan Camplin
Loan Officer