For Sale
$1,290,000

105 Union Ave Old Orchard Beach, ME 04064

Four-unit apartment building, beach proximity.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 105 Union Avenue in Old Orchard Beach, Maine. The property, situated on a 0.26-acre lot (APN: Map 314, Block 14, Lot 3), boasts a total of 6,152 square feet and is zoned R-2. Built in 1900, the building comprises one structure housing four residential units. The configuration includes two two-bedroom units at the front and two three-bedroom units at the rear. The two rear three-bedroom units underwent a complete remodel in 2018. Ample tenant parking is ensured by four convenient driveways. This property's prime location offers exceptional proximity to the beach, making it highly attractive to renters and promising strong rental income potential. The asking price for this multifamily investment is $1,290,000. This represents a compelling opportunity to acquire a well-situated, income-generating property in a desirable coastal Maine location. The property is owned by 105 Union Avenue LLC. Serious inquiries are encouraged.

Highlights

  • 4-unit multifamily property totaling 6,152 square feet.
  • Two 2-bedroom units and two 3-bedroom units.
  • Rear two units completely remodeled in 2018.
  • Four driveways providing ample tenant parking.
  • Prime beach location.

Property Details for 105 Union Ave

Property type
Apartment buildings
Square Feet
6,152 SF
Year Built
1900
Buildings
1
Lot Size (sq. ft)
11,326 SF
Units
4

Location Insight

City
Old Orchard Beach
County
York
State
Maine
Latitude
43.511595
Longitude
-70.3878234

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, beach proximity.
Where is the apartment building located?
The property is located at 105 Union Ave Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 4-unit multifamily property totaling 6,152 square feet.; Two 2-bedroom units and two 3-bedroom units.; Rear two units completely remodeled in 2018.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
105 Union Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message