Commercial for Sale: 38 Diamond Drive, Waterboro, ME 04061

$8,500,000
$8,500,000
38 Diamond Drive, Waterboro, ME 04061
$8,500,000
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Price:
$8,500,000

Type Commercial
Square Feet 768 sqft
Lot Size 0.24 acres
Year Built 1984
Taxes Paid $3,861
Assoc Fee $26,000

City Waterboro
County York

MLS 1605396
Status Active Under Contract
Exciting investment opportunity for 24 single-family properties located within and proximal to the waterfront neighborhood of Lake Arrowhead. An expansive community that is only 35-minutes from the bustling city of Portland, 1 hour from abundant recreational opportunities of the mountain regions, and 2 hours from Boston. This portfolio's location is ideal for all that Maine has to offer. This 24-unit single-family investment portfolio comprises of desirable 2-story Cape Cod style homes. All providing the option for first floor-living with a bedroom and bath privately tucked into the back of the homes. Two additional bedrooms are located upstairs and 14 of the properties have a larger floor plan providing additional flex space for a den or office on the first floor. Some properties offer added value with direct lakefront living, walkout basements, and exceptional privacy with larger lots up to 2 acres. Quality construction is evident in these owner-built properties which have well-maintained systems, metal roofs, solid 2x6 construction, dry basements, and radon mitigation systems. All of the properties have been used for long-term rentals and are non-smoking. The Lake Arrowhead Association boasts multiple beaches for water activities such as swimming and kayaking. With two Community Centers, including indoor and outdoor pools, basketball and volleyball courts, room rentals, fitness center and other amenities this location draws long-term renters, vacationers, and home buyers. This is an exceptional investment portfolio poised for value appreciation and revenue growth. Lake Arrowhead does allow short-term vacation rentals; a potential, high-growth revenue stream not realized by the current owner. Notes: This is a portfolio sale of 24 single-family homes. 22 properties are with-in the Lake Arrowhead Association and 2 properties are in the surrounding community. List of all properties is attached. Also, MLS Residential #1605398

Room Features

Basement Description Full, Walk-Out Access, Unfinished

Lot & Building Features

Assoc Fee $26,000
Cooling None
Tax Year 2023
Taxes Paid $3,861

Price History of 38 Diamond Drive, Waterboro, ME

Date Name Price Difference
09/30/2024 Listing Price $8,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 38 Diamond Drive, Waterboro, ME

Location Map Street View
Photo of Trilogy Realty Group
Direct: 866-874-0093
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Real Broker, Colleen Lundgren 207-272-3984
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0.045423529411765%
6.75%
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38 Diamond Drive (MLS #1605396) is a commercial listing located in Waterboro, ME. This commercial listing is 768 sqft and on a lot of 10,454 sqft (or 0.24 acres) and is 40 years old. This property was listed on 09/30/2024 and has been priced for sale at $8,500,000.

Nearby zip codes are 04030, 04042, 04048, 04049 and 04087. This property neighbors other cities such as Cornish, Hollis, Limerick, Limington and Shapleigh.

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.

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Listing information courtesy of: Real Broker

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.