57 Cedar Avenue Old Orchard Beach, ME 04064
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!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyYork
- Taxes$6,827
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusPending
- MLS ID Number1599767
- Home Size Source N/A
- Year Built1920
- Lot Size0.19 Acres
- Full Baths7
- Partial BathsN/A
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General Features
- Style New EnglanderOther Style
- Construction Vinyl Siding
- Parking 11 - 20 SpacesCommon
- Sewer Public Sewer
- Electric Circuit Breakers
- Basement BulkheadExterior EntryUnfinished
- Acreage 0.19
- Water Private
- Zoning R2
Interior Features
- Cooling None
- Heating Hot WaterBaseboard
- Flooring LaminateCarpet
- Interior Other
- Laundry Features Laundry - 1st FloorMain Level
Exterior Features
- Roof Shingle
- Waterfront Property No
- Lot Corner LotLevelOpen LotIntownNear Golf CourseNear Public BeachNear ShoppingNear Turnpike/ InterstateNeighborhoodOtherNear Railroad
- Other Structures Outbuilding