Multi-Family for Sale: 20 Seacliff Avenue, Old Orchard Beach, ME 04064

5 full baths
$975,000
$975,000
20 Seacliff Avenue, Old Orchard Beach, ME 04064
5 full baths
$975,000
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Price:
$975,000
$175,000 - 10/22/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Level, New Englander
Total Baths 5 full baths
Square Feet 3,099 sqft
Lot Size 0.14 acres
Year Built 1890
Taxes Paid $7,671
City Old Orchard Beach
County York
School District RSU 23
MLS 1606949
Status Active
Location location location less than 300 yards to the Sandy beach in beautiful old orchard beach , renowned for its stunning coastline and vibrant community, presents a unique investment opportunity with this fully occupied 5-unit property. The recent updates add to its appeal, offering a blend of two efficiency units, one one-bedroom, and two two-bedroom apartments, all currently rented on a month-to-month basis. The under-market rents suggest a substantial upside for future income growth. With its prime location close to local shops, dining, and entertainment, plus the convenience of off-street parking, this property stands out as an excellent choice for investors. Whether for long-term leasing or exploring the lucrative Airbnb market, the potential is vast. This property not only promises immediate cash flow but also the flexibility for a condo conversion or expansion, possibilities catering to a range of investment strategies. Embrace the chance to own a piece of this beach community, a rare find indeed in the heart of Old Orchard Beach. If you need any more details or have specific questions about the property or the area, feel free to ask!

Room Features

Basement Description Dirt Floor, Walk-Out Access, Unfinished, Exterior Only

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Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $7,671

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 1
Unit 2 of Rooms 4
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 3 of Rooms 4
Unit 4 Full Baths 1
Unit 4 of Bedrooms 1
Unit 4 of Rooms 2
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1
Unit 5 of Rooms 3

Price History of 20 Seacliff Avenue, Old Orchard Beach, ME

Date Name Price Difference
10/22/2024 Price Adjustment $975,000 15.22%
10/16/2024 Listing Price $1,150,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$750,000
$246 / sqft
Average
$750,000
$246 / sqft
High
$750,000
$246 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Old Orchard Beach 04064 0 5.0 $975,000 3,099 $315 N/A
28 Washington Avenue Old Orchard Beach 04064 0 5.0 $750,000 3,046 $246 03/01/2024

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Map of 20 Seacliff Avenue, Old Orchard Beach, ME

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Inquire about this property

Photo of Sue Diggins
Direct: 603-361-8254
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Dream Home Realty LLC, Christine Goyet 207-300-4663
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0.78676923076923%
6.75%
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20 Seacliff Avenue (MLS #1606949) is a multi-level, new englander multi-family listing located in Old Orchard Beach, ME. This multi-family listing is 3,099 sqft and on a lot of 6,098 sqft (or 0.14 acres) and is 134 years old. This property was listed on 10/16/2024 and has been priced for sale at $975,000.

The multi-family listing at 28 Washington Avenue in Old Orchard Beach is nearby and sold for $750,000 on 03/01/2024.

Nearby zip codes are 04005, 04006, 04072 and 04074. This property neighbors other cities such as Biddeford, Saco and Scarborough.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Dream Home Realty LLC

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.