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40 Grand Avenue

Old Orchard Beach

$1,300,000

beds   ·   4 baths   ·   2,427 sqft   ·   0.13 acres   ·   taxes: $9,191   ·   MLS#: 1629599

Discover the potential of this remarkable property, featuring five rental units with significant upside for the new owner. The front building includes two spacious 2-bedroom units, each with stunning ocean views, full kitchens, and a front porch that overlooks the lively OOB scene as well as a charming sandwich shop. The rear building offers two recently updated 1-bedroom units, each with a modern kitchen. All units have designated off-street parking spots year-round, plus an extra spot available in the winter months. Located directly across from the sandy beach, with a crosswalk in front and direct beach access via Aldine Terrace, this property is perfectly situated. Enjoy easy walks to the beach, the pier, and all that OOB has to offer. Currently used as an Airbnb, this property generates approximately $80k in summer revenue and an additional $60k from month-to-month rentals in the off-season. Ideal as an income property, a family beach compound, or a combination of both, this is an opportunity not to be missed!

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1910
  • Style : Other
  • Flooring : Wood, Vinyl, Laminate, Carpet
  • Garage Spaces : 0.00
  • Roof : Shingle
  • Basement : Interior, Walk-Out Access, Finished, Partial
  • Heating : Hot Water, Direct Vent Heater, Baseboard
  • Cooling : Wall/Window Unit(s)

Site

  • Water Body Name : Atlantic Ocean
  • Water Source : Public
  • Utilities : Utilities On
  • View : Scenic
  • Sewer : Public Sewer
  • Zoning : DD-2
Listing provided by Plowman Realty Group

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy