Direct Oceanfront Unique 2 Family Condo Investment Property
Multi-Family
for Sale
| Catylist Listing ID: |
30085307 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
2 Units |
| Building Size (RSF): |
1,504 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.45 Acres
|
| Sale Price: |
$895,000 |
| Unit Price: |
$447,500 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Building 4 |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/27/2018 |
Overview / Comments
|
Unique 2 family condo in Oceanfront Condominium Association with Deluxe Oceanfront Motel. Property offers two 2 bedroom, 1 bath condo units with living room with gas fireplace, sunroom with additional sleeping area, and steps to private sandy beach and path to 7 miles of public beach. Direct oceanfront and rents for $2,400 per week per unit in summer and $1,200 per month per unit in winter (upside potential as below market). Fully furnished, applianced and equipped. Originally single family so conversion possible. Ideal money maker with million dollar views and turnkey ready for immediate summer income. AC units and efficient direct vent gas heaters. Use of common swimming pool and possible maid and laundry service for fee TBD.
|
Financials
| Finance Data Year |
2017 |
| Real Estate Taxes - Annual($) |
$5,456 (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
00BH-000301-000005-000009-000004 |
| Zoning: |
BRD |
| Outdoor Pool, Play Ground |
| Property Located Between: |
Beatrice Way and Wavelet Street |
| Highway Access: |
Close to Scarborough and Saco highway exits |
| Airports: |
Close to Portland Jetport |
| Site Description: |
Beautiful direct oceanfront building included in Oceanfront Condominiums along with Deluxe Oceanfront Motel |
| Area Description: |
Steps out back door to 7 miles of beautiful public beach and small private beach area in rear of property with path to public beach |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1921 |
| Roof Type: |
Arched |
| Construction/Siding: |
Vinyl Siding |
| Exterior Description: |
Vinyl siding |
| Parking Type: |
Surface |
| Parking Description: |
Parking for 2 cars provided for both units |
| Heat Type: |
Propane, Space Heaters |
| Heat Source: |
Other |
| Fuel: |
Gas |
| Air Conditioning: |
Window Unit |
| Interior Description: |
Each condo has gas fireplace, open concept living room overlooking ocean, two large bedrooms, full bathroom, sunroom and both fully furnished and equipped |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,379 |
14,726 |
46,272 |
| Median Age: |
46.52 |
47.34 |
43.5 |
| Households: |
1,165 |
6,804 |
20,099 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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