Old Orchard Beach, ME 04064 57 Cedar Avenue
$625,000
Pending
36 more
Presented By: Keller Williams Realty; scottandsunny@kw.com
Baths • 7
SQFT • 3,257
Home Details
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!
Presented By: Keller Williams Realty; scottandsunny@kw.com
Interior Features for 57 Cedar Avenue
Bathrooms
Half Baths0
Total Baths7
Other Interior Features
Above Grade Finished Area3257.0
Air Conditioning Y/NNo
BasementBulkhead, Exterior Entry, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
Electric On Property Y/NNo
FlooringLaminate, Carpet
Heating Y/NYes
Laundry FeaturesLaundry - 1st Floor, Main Level
General for 57 Cedar Avenue
Additional Parcels Y/NNo
Architectural StyleNew Englander, Other Style
Attached Garage No
Carport Y/NNo
CityOld Orchard Beach
Construction MaterialsVinyl Siding, Wood Frame
CoolingNone
CountyYork
ElectricCircuit Breakers
Full Baths7
Garage Y/NNo
Gross Income74400.0
HeatingHot Water, Baseboard
Home Owner Association Y/NNo
Home Warranty Y/NNo
Interior FeaturesOther
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet8276.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal7
Operating Expense15000.0
Other StructuresOutbuilding
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount6827.0
Tax Lot13
Tax Year23
UtilitiesUtilities On
View Y/NNo
Waterfront Y/NNo
Year Built1920
ZoningR2
Exterior for 57 Cedar Avenue
Building Area Total3257.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Neighborhood, Other, Near Railroad
Lot Size Acres0.19
Lot Size Area0.19
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features11 - 20 Spaces, Common
Road Surface TypePaved
SpaNo
Water SourcePrivate
Additional Details
Price History
Malayka Harriman
Listing/Buyer Specialist