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  • $1,050,000

    75 E Grand Avenue, Old Orchard Beach, ME 04064

    5beds
    1,776sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $1,028,700 Zestimate®
    $591/sqft
    $2,275 Estimated rent

    Owner options

    List your home for rent

    $2,275/mo

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    $2,275/mo

    Rent Zestimate®

    Refinance and save

    $5,192/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

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    $5,192/mo

    Est. payment

    What's special

    Old Orchard Beach, considered one the top investment locations in Maine! This well cared for 3 unit, just steps from the sands of the Atlantic, offers creative and lucrative short term and long term rental options - with a layout that lends itself to 3 separate units or combine to make one large property offering privacy and space ideal for multi family parties. With an NOI of over $90k, there are few investments yielding this return in our current market. Guests and tenants alike are drawn to a main feature of this property, the one thing you can't change in real estate - location! Easily accessible to restaurants, shops, the pier, and miles of sandy beach. With all furnishings negotiable and a local property management team with proven success in some of the highest grossing rental properties in Maine available to you, this is truly a turn key investment.

    Zillow last checked: 8 hours ago

    Listing updated: January 15, 2025 at 07:10pm

    Listed by:

    Benchmark Real Estate

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1572036MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Forced Air, Other
    Cooling
    • None
    Features
    • Flooring: Laminate
    • Basement: Bulkhead,Interior Entry,Walk-Out Access,Full,Unfinished
    Interior area
    • Total structure area: 1,776
    • Total interior livable area: 1,776 sqft
    • Finished area above ground: 1,776
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 1 - 4 Spaces, Assigned, Carport
    • Has carport: Yes
    Features
    • Patio & porch: Porch
    • Body of water: Atlantic Ocean
    Lot
    • Size: 1,742 sqft
    • Features: City Lot, Near Golf Course, Near Public Beach, Near Railroad, Level, Open Lot, Sidewalks
    Details
    • Parcel number: OOBHM304B3L6
    • Zoning: BRD

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1940

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: Old Orchard Beach