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Multi-Family for Sale: 20 Seacliff Avenue, Old Orchard Beach, ME 04064 SOLD

5 full baths
$900,000
$900,000
20 Seacliff Avenue, Old Orchard Beach, ME 04064 SOLD
5 full baths
$900,000
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Floor Plans
Selling Price: $900,000
Original List Price: $1,150,000
Sold at 78.3% of list price
Sold Date: 01/10/2025

Type Multi-Family
Style Multi-Level, New Englander
Baths 5 full baths
Square Feet 3,099 sqft
Lot Size 0.14 acres
Year Built 1890
Taxes Paid $7,671

City Old Orchard Beach
County York
School District RSU 23

MLS 1606949
Status Closed
DOM 86 days
Location location location less than 300 yards to the Sandy beach in beautiful old orchard beach , renowned for its stunning coastline and vibrant community, presents a unique investment opportunity with this fully occupied 5-unit property. The recent updates add to its appeal, offering a blend of two efficiency units, one one-bedroom, and two two-bedroom apartments, all currently rented on a month-to-month basis. The under-market rents suggest a substantial upside for future income growth. With its prime location close to local shops, dining, and entertainment, plus the convenience of off-street parking, this property stands out as an excellent choice for investors. Whether for long-term leasing or exploring the lucrative Airbnb market, the potential is vast. This property not only promises immediate cash flow but also the flexibility for a condo conversion or expansion, possibilities catering to a range of investment strategies. Embrace the chance to own a piece of this beach community, a rare find indeed in the heart of Old Orchard Beach. If you need any more details or have specific questions about the property or the area, feel free to ask!

Room Features

Basement Description Dirt Floor, Walk-Out Access, Unfinished, Exterior Only

Virtual Tours for 20 Seacliff Avenue Old Orchard Beach, ME

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $7,671

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 1
Unit 2 of Rooms 4
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 3 of Rooms 4
Unit 4 Full Baths 1
Unit 4 of Bedrooms 1
Unit 4 of Rooms 2
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1
Unit 5 of Rooms 3

Price History of 20 Seacliff Avenue, Old Orchard Beach, ME

Date Name Price Difference
10/22/2024 Price Adjustment $900,000 21.74%
10/16/2024 Listing Price $1,150,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 20 Seacliff Avenue, Old Orchard Beach, ME

Location Map Street View
Listed by Dream Home Realty LLC, Christine Goyet 207-300-4663
Sold by Dream Home Realty LLC, Alla Sherstyukov 207-300-4663
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6.75%
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Dream Home Realty LLC

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.