$839,000
8 Old Orchard Road
Old Orchard Beach
Listing Courtesy of
EXP Realty
8 Old Orchard Road, Old Orchard Beach, ME 04064
You don't see property like this every day. It is a pleasure to offer this 4- unit where the owner has updated 4 kitchens, 3.5 baths, installed 5 heat pumps for heat and AC, all powered by the brand-new solar panels on the brand-new roof!! Electricity expected to run $21.55/ unit / month. Gross revenue is $81,600 +/- (estimated for owner's unit) and expenses including property taxes and vacancy are $12,913+/-. Today this building has an 8.2 cap rate and that is before you consider renting the 3- bay garage or expanding the Air BnB possibilities. New electrical panels, Buderus boiler and a basement you can actually use make this a great property to own long-term. Located 5 minutes from the beach, the Pier, Ocean Park, Bidd-Saco Country Club, and Funtown, there are all kinds of opportunities to either live and have fun or make this a great investment, or both. Showing Thursday 4-6 and Saturday 1-3pm.
Listing Courtesy of
EXP Realty
DETAILS
- Listing Id1596904
- StatusPending
- TypeMulti-Family
- SeasonalNo
- Map / Lot212 / 2
- Book / Page17871 / 823
- Sq Ft Finished Above Grade2215
- Sq Ft Finished Total2215
- Total Baths4 / 2
- Waste Water DisposalPublic Sewer
- WaterPublic
- Heat SystemHeat Pump
- CoolingHeat Pump
- ElectricCircuit Breakers
- BasementFull, Interior Entry, Unfinished
- RoofShingle
- FloorsCarpet, Laminate, Tile
- GarageYes
- Lot FeaturesLandscaped, Level, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Near Turnpike/Interstate, Open Lot
- Parking Features5 - 10 Spaces, Inside Entrance, Off Street, On Site, Paved
- Interior FeaturesFurniture Included, Other
- Laundry FeaturesWasher Hookup
- StyleCape
- Checked For UpdatesSaturday, September 7, 2024 at 7:31 PM
- IDX Listing UpdatedMonday, July 22, 2024 at 9:08 PM
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