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Image 1 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 2 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 3 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 4 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 5 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 6 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 7 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 8 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Image 9 - 57 Cedar Ave, Old Orchard Beach, Maine, 04064 - House for sale
Cedar Ave, Old Orchard Beach, Home For Sale
57 Cedar Ave, Old Orchard Beach, Maine, 04064

Cedar Ave, Old Orchard Beach, Home For Sale

house for sale
Listed: 08/11/24

57 Cedar Ave, Old Orchard Beach, Maine, 04064

Studio Bed:
7 Bath:
3,257 Sq Ft Living Area:
Save
Price
$ 625,000

About This House

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 apartmentall 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!

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Old Orchard Beach Housing & Living

Household Income

Median household income: $50,663
Number of households: 4,686
The average household income in Old Orchard Beach, ME grew from $43,523 to $50,663 in the past year. This data is an estimate based upon 4,686 households in Old Orchard Beach, ME.
The chart below presents how household income is distributed in Old Orchard Beach, ME in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Old Orchard Beach, ME compared to median property taxes around the country. The prevalent amount of property taxes in Old Orchard Beach, ME equals $3k+ , which is more than the national average.