Old Orchard Beach, ME 04064,8 Old Orchard RD
Old Orchard Beach, ME 04064,8 Old Orchard RD
Old Orchard Beach, ME 04064,8 Old Orchard RD
60
Listed by EXP Realty
Bought with The Maine Real Estate Group
$850,000
$839,000
1.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6 BA
2,215 SqFt

8 Old Orchard RD Old Orchard Beach, ME 04064

SOLD DATE : 10/23/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $850,000

Property Type Multi-Family

Listing Status Sold

Square Footage 2,215 sqft

MLS Listing ID 1596904

Sold Date 10/23/24

Style Cape

Full Baths 4

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 2,215

Originating Board Maine Listings

Year Built 1965

Annual Tax Amount $5,773

Tax Year 2024

Lot Size 0.410 Acres

Acres 0.41

Property Description

You don't see property like this every day. It is a pleasure to offer this 4- unit where the owner has updated 4 kitchens, 3.5 baths, installed 5 heat pumps for heat and AC, all powered by the brand-new solar panels on the brand-new roof!! Electricity expected to run $21.55/ unit / month. Gross revenue is $81,600 +/- (estimated for owner's unit) and expenses including property taxes and vacancy are $12,913+/-. Today this building has an 8.2 cap rate and that is before you consider renting the 3- bay garage or expanding the Air BnB possibilities. New electrical panels, Buderus boiler and a basement you can actually use make this a great property to own long-term. Located 5 minutes from the beach, the Pier, Ocean Park, Bidd-Saco Country Club, and Funtown, there are all kinds of opportunities to either live and have fun or make this a great investment, or both. Showing Thursday 4-6 and Saturday 1-3pm.

Location

State ME

County York

Zoning GB-1

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Interior Features Furniture Included, Other

Heating Heat Pump

Cooling Heat Pump

Flooring Tile, Laminate, Carpet

Laundry Washer Hookup

Exterior

Garage 5 - 10 Spaces, Paved, On Site, Inside Entrance, Off Street

Garage Spaces 3.0

Waterfront No

View Y/N No

Roof Type Shingle

Street Surface Paved

Porch Porch

Garage Yes

Building

Lot Description Level, Open Lot, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Cape

Structure Type Vinyl Siding,Wood Frame

Schools

School District Rsu 23

Others

Energy Description Electric, Solar

Read Less


Maine MLS (MREIS) IDX

GET MORE INFORMATION

Chris Davis

Agent | me.BA924046

+1(207) 756-2442

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

};