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105 Union Ave 4 Unit Apartment Building $1,190,000 ($297,500/Unit) Old Orchard Beach, ME 04064
Investment Highlights
- Multiple rental strategies to maximize income flexibility
- Strong year-round demand in the Southern Maine rental market
- Walkable beach location with broad tenant appeal
Executive Summary
4 Unit apartment building within walking distance of the beach. Many opportunities available. Air B&B the summer and rent the 9 month season to UNE graduate students and visiting nurses. OR. Rent all units year round. OR Half year round and Half Air B&B. OR live in one unit and mix & match the other 3 units. Rental units are in big demand in Southern Maine. The property address is 105 Union Ave. This front building has 2/2 bedroom apartments. The attached rear building has 2-3 bedroom units and fronts on Ocean Ave.
Property Facts
| Price | $1,190,000 | Apartment Style | Low-Rise |
| Price Per Unit | $297,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 4 | Building Size | 6,152 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R-2 | ||
| Price | $1,190,000 |
| Price Per Unit | $297,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,152 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 680 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | OOBH-000314-000014-000003 | Improvements Assessment | $604,600 |
| Land Assessment | $118,800 | Total Assessment | $723,400 |
Property Taxes
Parcel Number
OOBH-000314-000014-000003
Land Assessment
$118,800
Improvements Assessment
$604,600
Total Assessment
$723,400
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105 Union Ave
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