NOT LISTED FOR SALE

20 Seacliff Ave Old Orchard Beach, ME 04064

-- Bed
5 Baths
3,099 Sq Ft
6,098 Sq Ft Lot

Last Sold January 10, 2025

Last sale price $900,000 $290 Per Sq Ft

19 Days on Market

Highlights

  • Additional Residence on Property
  • Nearby Water Access
  • Deck
  • Ocean Front
  • Public Beach
  • Property is near public transit

About This Home

As of January 2025

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!

Last Agent to Sell the Property

Chrissy Goyet

Dream Home Realty LLC Listed on: 10/16/2024

Last Buyer's Agent

Alla Sherstyukov

Dream Home Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,671

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Ocean Front
  • Public Beach
  • Level Lot

Home Design

  • New Englander Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,099 Sq Ft Home
  • 2-Story Property
  • Water Views

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 5 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Dirt Floor

Parking

  • Attached Garage
  • Carport
  • Gravel Driveway

Outdoor Features

  • Nearby Water Access
  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Doors are 32 inches wide or more
  • Additional Residence on Property

Listing and Financial Details

  • Legal Lot and Block 5 / 14
  • Assessor Parcel Number OOBH-000315-000014-000005

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $23,900
  • Gross Income $82,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,671

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Water Body Name: Atlantic Ocean
  • MLS Status: Closed
  • Subdivision Name: No
  • Directions: Union Avenue heading west to water. At the stop take Right onto West Grand Avenue to first right on Seacliff Avene
  • Above Grade Finished Sq Ft: 3099.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 314.62
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3099.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 82200.0
  • Income Expenses Operating Expenses: 23900.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Water Info:Island3: No
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Vehicle Storage:Carport: Yes
  • Building Info:_pound_ Floors3: 2
  • Heat Fuel:Multi-Fuel System: Yes
  • Advertising Remarks:Advertising Remarks: This fully occupied 5-unit property is definitely appealing. Whether you choose to rent to year-round tenants or capitalize on the Airbnb market, it seems like there are plenty of possibilities. Would be a great owner occupied building. If you need any more details or have specific questions about the property or the area, feel free to ask!
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Accessibilitiy Amenities 32 - 36 Inch Doors: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Dirt Floor, Walk-Out Access, Exterior Only, Unfinished
  • Full Bathrooms: 5
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2

Exterior Features

  • Lot Features: Level, Intown, Near Golf Course, Near Public Beach, Near Town, Near Railroad
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Porch
  • Roof: Membrane, Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, On Site, Carport

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: RSU 23

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: OOBH-000315-000014-000005
  • Zoning: brd

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 82200.0
  • Annual Operating Expense: 23900.0

Tax Info

  • Tax Annual Amount: 7671.0
  • Tax Block: 14
  • Tax Lot: 5
  • Tax Year: 2023

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $900,000 -7.7% $290 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
10/22/2024 10/22/24 Price Changed $975,000 -15.2% $315 / Sq Ft
10/16/2024 10/16/24 Price Changed $1,150,000 +900.0% $371 / Sq Ft
10/16/2024 10/16/24 For Sale $115,000 -- $37 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chrissy Goyet

    Seller's Agent in 2025

    Chrissy Goyet

    Dream Home Realty LLC

    (207) 332-8865

    11 in this area

    28 Total Sales

    Chrissy Goyet
    Section Image
  • Alla Sherstyukov

    Buyer's Agent in 2025

    Alla Sherstyukov

    Dream Home Realty LLC

    (207) 300-4663

    1 in this area

    6 Total Sales

    Alla Sherstyukov
    Section Image
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Map

Source: Maine Listings

MLS Number: 1606949

Maine Listings

APN: OOBH M:315 B:14 L:5

Maine York County Old Orchard Beach 04064

20 Seacliff Ave, Old Orchard Beach, ME

Not Listed for Sale

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