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62 Evergreen Avenue

Old Orchard Beach

$819,000

beds   ·   4 baths   ·   3,931 sqft   ·   0.12 acres   ·   taxes: $5,602   ·   MLS#: 1660635

Exceptional Income-Producing Property Just Minutes from Old Orchard Beach! This rare investment opportunity combines strong rental income with exceptional versatility. Situated in the heart of Old Orchard Beach, 62 Evergreen Avenue features a beautifully maintained duplex plus a separate rear cottage, creating multiple income streams and endless possibilities for investors, owner-occupants, or multi-generational living. The front duplex offers two thoughtfully updated 2-bedroom units, each featuring modern kitchens, newer appliances, in-unit washers and dryers, and bright, comfortable living spaces. One unit is currently owner-occupied, while the second provides dependable annual rental income. The flexibility to convert either unit to a seasonal or short-term rental offers even greater earning potential. Privately nestled behind the duplex, the detached cottage has a successful track record as a short-term vacation rental during the summer months and a winter rental from October through May, providing an additional, well-established source of income while maintaining privacy for both owners and guests. Outside, enjoy an inviting backyard retreat complete with a fenced yard, spacious patio, outdoor fireplace, and hot tub--perfect for relaxing after a day at the beach or enhancing the guest experience. With off-street parking for up to six vehicles, an established annual rental income and the potential to significantly increase revenue through seasonal rentals, this property offers both immediate cash flow and long-term upside. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible coastal property just moments from the beach, restaurants, shopping, and all the attractions of Old Orchard Beach, this is an opportunity you won't want to miss.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1900
  • Style : Other
  • Flooring : Tile, Wood
  • Garage Spaces : 0.00
  • Roof : Shingle
  • Basement : Bulkhead, Interior Entry, Full
  • Heating : Electric, Oil, Propane, Forced Air, Heat Pump, Space Heater
  • Cooling : Heat Pump

Site

  • Water Body Type : Nearby, Oceanfront, Public
  • Water Source : Public
  • Utilities : Utilities On
  • Sewer : Public Sewer
  • Zoning : R-2
  • Road Surface Type : Paved
Listing provided by EXP Realty

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