Multi-Family for Sale: 57 Cedar Avenue, Old Orchard Beach, ME 04064

7 full baths
$625,000
$625,000
57 Cedar Avenue, Old Orchard Beach, ME 04064
7 full baths
$625,000
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Price:
$625,000
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style New Englander, Other Style
Total Baths 7 full baths
Square Feet 3,257 sqft
Lot Size 0.19 acres
Year Built 1920
Taxes Paid $6,827
City Old Orchard Beach
County York
MLS 1599767
Status Pending
Rare opportunity in the heart of Old Orchard Beach! Discover an exceptional investment less than a half mile to the sand and surf. This 7-unit is fully rented (month to month) and offers immediate cash flow with 3 efficiency units, 3 one-bedroom apartments, and 1 two-bedroom apartment—all with under-market rents, providing significant potential for future income growth. Nestled in the heart of Old Orchard Beach, this property is convenient to local amenities, including shops, dining, and entertainment. Off-street parking is an added bonus, making this a prime choice for investors looking to expand their portfolio in a sought-after location. This property is perfect for long-term tenants or Airbnb potential. Don't miss out on this exceptional opportunity!

Room Features

Basement Description Bulkhead, Unfinished, Exterior Entry

Lot & Building Features

Cooling None
Tax Year 23
Taxes Paid $6,827

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Rooms 1
Unit 3 Full Baths 1
Unit 3 of Bedrooms 1
Unit 3 of Rooms 3
Unit 4 Full Baths 1
Unit 4 of Bedrooms 2
Unit 4 of Rooms 4
Unit 5 Full Baths 1
Unit 5 of Rooms 1
Unit 6 Full Baths 1
Unit 6 of Rooms 1
Unit 7 Full Baths 1
Unit 7 of Bedrooms 1
Unit 7 of Rooms 3

Price History of 57 Cedar Avenue, Old Orchard Beach, ME

Date Name Price Difference
08/08/2024 Listing Price $625,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Jessica Emerson
Direct: 603-303-7037
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Keller Williams Realty, Scott Townsend & Kathy Harvey-Brown 207-879-9800
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57 Cedar Avenue (MLS #1599767) is a new englander, other style multi-family listing located in Old Orchard Beach, ME. This multi-family listing is 3,257 sqft and on a lot of 8,276 sqft (or 0.19 acres) and is 104 years old. This property was listed on 08/08/2024 and has been priced for sale at $625,000.

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: Keller Williams Realty

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.