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

9 full, 1 half baths
$2,175,000
$2,175,000
27-33 Odessa Avenue, Old Orchard Beach, ME 04064 SOLD
9 full, 1 half baths
$2,175,000
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Selling Price: $2,175,000
Original List Price: $2,250,000
Sold at 96.7% of list price
Sold Date: 09/16/2024

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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 Closed
DOM 70 days
*Only 28 Reggio is Pending. 27-33 Odessa is still available* 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

Date Name Price Difference
07/08/2024 Listing Price $2,175,000 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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Map of 27-33 Odessa Avenue, Old Orchard Beach, ME

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Inquire about this property

Photo of Crissa Kounavis
Direct: 301-648-7886
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Vitalius Real Estate Group, LLC, Briton Vitalius & Christopher Sullivan 207-541-3755
Sold by , NON-MREIS AGENT
$
20%
0.74022988505747%
6.75%
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Listing information courtesy of: Vitalius Real Estate Group, LLC

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