$1,600,000 $8,589 est/mo Sourced by Back At You

27-33 Odessa Avenue,Old Orchard Beach, ME 04064

Old Orchard Beach ME, 04064

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Description

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.

Details

MLS#1595445
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site18
Listing Provided ByVitalius Real Estate Group, LLC | Briton Vitalius
Buying Commision2.5%

Features

Bath(s) 8 Total
SQ Feet5,184
BasementY
Units8
ZoningR-3
Acreage0.58

Market Activity 04064

    
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

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Learn More About This Property

StateME
CountyYork
CityOld Orchard Beach
Zip Code04064
Listing VS Median (in 04064)
Price:
$1,600,000
low | high
Med:
$675,000
100% of Average
SqFt:
5,184
low | high
Med:
1,196
100% of Average
$ / SqFt:
$309
low | high
Med:
$564
32.859531772575% of Average
On Site:
18
low | high
Med:
120
15% of Average
Sourced by Back At You
Listing Updated: July 18, 2024 at 3:37:47 PM PDT