ME > Old Orchard Beach
Old Orchard Beach, ME 04064,40 E Grand AVE
Old Orchard Beach, ME 04064,40 E Grand AVE
Old Orchard Beach, ME 04064,40 E Grand AVE
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Monet Yarnell

Monet Yarnell

+1(207) 461-4740
Listed by Plowman Realty Group
$1,300,000
4 Baths
2,427 SqFt
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Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 2,427 sqft

MLS Listing ID 1629599

Style Other

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,427

Year Built 1910

Annual Tax Amount $9,191

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Source Maine Listings

Land Area 2427

Property Description

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!

Location

State ME

County York

Zoning DD-2

Body of Water Atlantic Ocean

Rooms

Basement Interior, Walk-Out Access, Finished, Partial

Interior

Interior Features Storage

Heating Hot Water, Direct Vent Heater, Baseboard

Cooling Wall/Window Unit(s)

Flooring Wood, Vinyl, Laminate, Carpet

Equipment Internet Access Available, Cable

Laundry Washer Hookup

Exterior

Parking Features 5 - 10 Spaces, Paved, Common, On Site

Utilities Available 1

View Y/N Yes

View Scenic

Roof Type Shingle

Porch Porch

Garage No

Building

Lot Description Level, Right of Way, Sidewalks, Near Public Beach, Near Shopping, Near Town, Near Railroad

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions Yes

Energy Description Oil, Gas Bottled

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Maine MLS (MREIS) IDX
agent

${companyName}

Phone

+1(207) 461-4740

Address

111 High St, Belfast, ME

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