Kennebunk, ME 04043 8 Railroad Avenue

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Presented By: Keller Williams Realty; 207-650-6176
  • MLS# 1598842
  • 08/01/2024
  • Request Tour
  • Request Info
  • Baths • 2
  • SQFT • 1,554

Home Details

Are you in search of a rare investment opportunity in Kennebunk? Look no further than 8 Railroad, an exquisite cottage compound featuring TWO three-bedroom units just steps from the white sands of Kennebunk's Mother's Beach and a short trip to the charming downtown. Currently generating substantial annual cash flow as short-term rentals, these cottages offer the flexibility to be rented out or occupied separately. Both cottages are meticulously curated with fine furniture, lighting, cabinetry, counters, appliances, and artwork. The attention to detail is reminiscent of yacht design, with everything thoughtfully placed, creating a subtle, high-end nautical ambiance. The front cottage, 'Fairview,' opens into a lovely living space that connects to an eat-in kitchen with open shelving. A discreet hallway houses a full-size washer and dryer, leading to a barn door that opens to the bathroom. The side bedroom features a queen-size bed, the second bedroom is equipped with bunk beds, and the primary bedroom offers a king-size bed, all with premium mattresses and a soothing blue and white color scheme. Around the side, you'll find the entrance to 'Seabreeze,' which boasts a private yard and deck space. The entryway leads directly into a kitchen with an eat-in dining table. To the left, a gorgeous living room continues the nautical theme. The hallway reveals a room with a twin trundle bed, ideal for young guests, and a stackable washer and dryer. The spacious bathroom includes a glass door shower, offering more space than typical cottages. The second bedroom has a queen-size bed, while the primary bedroom features a king-size bed and space for a reading chair. The backyard is perfect for outdoor enjoyment, with a picnic table and an array of Adirondack chairs scattered across the property for soaking in the glorious summer days. This property is highly popular as a rental, boasting numerous returning guests and glowing online reviews. Financials available upon request.
Presented By: Keller Williams Realty; 207-650-6176

Interior Features for 8 Railroad Avenue

Bathrooms

Half Baths0
Total Baths2

Other Interior Features

Above Grade Finished Area1554.0
Air Conditioning Y/NYes
BasementCrawl Space, Sump Pump, Exterior Only, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
Electric On Property Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesLaundry - 1st Floor, Main Level

General for 8 Railroad Avenue

Additional Parcels Y/NNo
Architectural StyleCottage, Ranch
Attached Garage No
Carport Y/NNo
CityKennebunk
Construction MaterialsVinyl Siding, Wood Frame
CoolingHeat Pump
CountyYork
ElectricCircuit Breakers
Full Baths2
Garage Spaces0.0
Garage Y/NNo
Gross Income113008.0
HeatingHeat Pump, Baseboard
Home Owner Association Y/NNo
Home Warranty Y/NNo
Interior FeaturesFurniture Included, One-Floor Living, Shower
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet4791.6
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal2
Operating Expense35926.0
Other StructuresShed(s)
Patio/Porch FeaturesDeck, Porch
Property TypeMulti-Family
Property_sp_Information_co_Owner_sp_OccupiedNo
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount9031.0
Tax Lot52
Tax Year2023
UtilitiesUtilities On
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1955
ZoningCoastal Residential

Exterior for 8 Railroad Avenue

Building Area Total1554.0
Crops Included Y/NNo
Foundation DetailsConcrete Perimeter
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood
Lot Size Acres0.11
Lot Size Area0.11
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features1 - 4 Spaces, Gravel, Off Street, On Street
Road Surface TypePaved
SpaNo
Water SourcePublic

Additional Details

Price History

Shelley Kennagh

Senior Loan Officer
Price $1,450,000
MLS#1598842
List Date 08/01/2024
Property Type Multi-Family
Phone 207.890.4942
Request Tour
Request Info
Visit My Website

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