105 Union Ave Old Orchard Beach, ME 04064

This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 105 Union Avenue in Old Orchard Beach, Maine. The property, situated on a 0.26-acre lot (APN: Map 314, Block 14, Lot 3), boasts a total of 6,152 square feet and is zoned R-2. Built in 1900, the building comprises one structure housing four residential units. The configuration includes two two-bedroom units at the front and two three-bedroom units at the rear. The two rear three-bedroom units underwent a complete remodel in 2018. Ample tenant parking is ensured by four convenient driveways. This property's prime location offers exceptional proximity to the beach, making it highly attractive to renters and promising strong rental income potential. The asking price for this multifamily investment is $1,290,000. This represents a compelling opportunity to acquire a well-situated, income-generating property in a desirable coastal Maine location. The property is owned by 105 Union Avenue LLC. Serious inquiries are encouraged.