Multi-Family for Sale: 27-33 Odessa Avenue, Old Orchard Beach, ME 04064

9 full, 1 half baths
$2,250,000
$2,250,000
27-33 Odessa Avenue, Old Orchard Beach, ME 04064
9 full, 1 half baths
$2,250,000
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Price:
$2,250,000
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Duplex, Ranch
Total Baths 9 full, 1 half baths
Square Feet 6,504 sqft
Lot Size 1.06 acres
Year Built 1960
Taxes Paid $16,100
City Old Orchard Beach
County York
MLS 1595571
Status Coming Soon
DOM 3 days
This active beachfront community investment has four (4) two-unit multi-family rentals on an oversized half acre (0.58) lot and a seasonal motel sits a stone's throw from the beach on .48 acres of mostly undeveloped land - one of the last remaining plots of this kind. Each of the Odessa units has 2 beds / 1 bath and parking. The .58 acre parcel on Reggio creates even more potential for expansion. There are several obvious value-add opportunities here: increased long term rentals, seasonal short term rentals, or even a conversion into 8 individual condos. The zoning density appears to allow for up to 4 units on the Reggio Lot with conditional approval. This unique package is available for the first time in 50 years, in the center of Maine's most popular beach destination. This is an opportunity not to be missed!

Room Features

Basement Description Exterior Only, Unfinished, Full

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $16,100

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
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 2
Unit 4 of Rooms 4
Unit 5 Full Baths 1
Unit 5 of Bedrooms 2
Unit 5 of Rooms 4
Unit 6 Full Baths 1
Unit 6 of Bedrooms 2
Unit 6 of Rooms 4
Unit 7 Full Baths 1
Unit 7 of Bedrooms 2
Unit 7 of Rooms 4
Unit 8 Full Baths 1
Unit 8 of Bedrooms 2
Unit 8 of Rooms 4
Unit 9 Full Baths 1
Unit 9 Half Baths 1
Unit 9 of Bedrooms 3
Unit 9 of Rooms 5

Price History of 27-33 Odessa Avenue, Old Orchard Beach, ME

Date Name Price Difference
07/02/2024 Listing Price $2,250,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Frances Buck
Direct: 603-427-3328
Office
55 Congress St Suite A
Portsmouth, NH 03801
603-431-1100
Listed by Vitalius Real Estate Group, LLC, Briton Vitalius & Christopher Sullivan 207-541-3755
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27-33 Odessa Avenue (MLS #1595571) is a duplex, ranch multi-family listing located in Old Orchard Beach, ME. This multi-family listing is 6,504 sqft and on a lot of 46,174 sqft (or 1.06 acres) and is 64 years old. This property was listed on 07/02/2024 and has been priced for sale at $2,250,000.

Nearby zip codes are 04005, 04006, 04072 and 04074. This property neighbors other cities such as Biddeford, Saco and Scarborough.

MREIS

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: Vitalius Real Estate Group, 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. ©2024 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.