59 E Grand Ave, Scarborough, ME 04074

16 beds, 8 baths, 4,600 sqft
For Sale by Owner
$799,900
Price increase: $40,000
Zestimate®: $1,023,267
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Meticulously maintained investment property just 75 yds to Grand Beach in the highly desireable Pine Point section of Scarborough, Maine. The property consists of 7 annually leased units with a separate owners quarters or in-law. This property has $100,000+ in proven earning potential, approximately $35,000 in operating expenses. Absolute turn key opportunity. Contact me for more specific financial details, & we will likely be executing a 1031 property tax exchange (timing is crucial for this type of transaction) so serious seasoned investors/buyers only please, more than likely 20%-30% initial down payment required by a commercial lender (you know who you are!!). Not a "first time" home buyer opportunity, too complex to finance as a starter property! Thank you.  MoreLess
Facts
  • Lot: 0.56 acres
  • Multi Family
  • Built in 1950
  • 172 days on Zillow
  • Cooling: None
  • Heating: Baseboard, Forced air, Wall
  • Last sold: Jul 1992 for $225,000
  • Price/sqft: $174
Features
  • Attic
  • Barbecue
  • Cable Ready
  • Ceiling Fan
  • Deck
  • Double Pane/Storm Windows
  • Fenced Yard
  • Flooring: Carpet, Hardwood, Laminate, Linoleum / Vinyl, Tile
  • Garden
  • Hot Tub/Spa
  • Jetted Tub
  • Lawn
  • Mother-in-Law
  • Parking: Off street, 20 spaces
  • Patio
  • Pond
  • Porch
  • Storage
  • Transportation
  • Unfinished basement
  • View: Water
Appliances Included
  • Dishwasher
  • Dryer
  • Microwave
  • Range / Oven
  • Refrigerator
  • Washer
Room Types
  • Dining room
  • Family room
  • Laundry room
  • Office
  • Recreation room
  • Workshop
Construction
  • Exterior material: Vinyl
  • Roof type: Asphalt
  • Room count: 40
  • # Stories: 2.0
  • Structure type: Colonial
  • Unit count: 7
Other
  • Floor size: 4,600 sqft
  • Heating: Oil, Propane butane
  • Last remodel year: 2013
  • Laundry: In Unit, Shared
  • Parcel #: SCAR U023100
  • Zillow Home ID: 84910953
Home Values
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A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$1,023,267
+$111,276 Last 30 daysd
$880K
$1.09M
Zestimate range
Rent Zestimate What's this?
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,750/mo
+$197 Last 30 daysd
$1.3K
$3.5K
Zestimate range

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    Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005
    Note: owner will work with buyer's agents

    Email successfully sent!Submission failed!

    Next: Find out what you can afford on Zillow Mortgage Marketplace.

    Get Pre-Approved

    Next: Get Pre-Approved

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    Contact me

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