$750,000
MOTIVATED SELLER! Discover an exceptional investment opportunity just minutes from one of Maine's most popular beaches! 113-115 Saco Avenue features a beautifully maintained two-unit residential building plus a detached commercial space, ideally situated in the vibrant coastal community of Old Orchard Beach. Main Building (Two Units) Unit… Read More 1 (First Floor): 3-bedroom, 1-bath apartment renovated in 2017, featuring updated kitchen and bath, modern finishes, and a bright, open layout--perfect for year-round living or seasonal rental income. Unit 2 (Second Floor): Comfortable 2-bedroom, 1-bath apartment offering great natural light, functional layout, and excellent rental potential. Detached Commercial Building: A stand-alone commercial space currently home to a beloved local restaurant--an established business that brings steady foot traffic and neighborhood charm. Updates to the commercial space include new heat pumps, roof, and electrical panel. Highlights: Three total units: Two residential apartments + one commercial space. Flexible income property--live in one unit, rent the others, or maintain as an investment. Prime location along Saco Avenue--minutes to the beach, pier, dining, shops, and Route 1 access Ample parking for tenants, guests, and patrons Strong rental history and long-term tenant in the commercial space. Read Less
Courtesy of Keller Williams Realty 207-879-9800
Listing Snapshot
Days Online
128
Last Updated
Full Baths
2
Partial Baths
1
Square Ft.
2,702
Lot Size
0.15 Acres
Year Built
1920
MLS Number
1642252
Additional Details
Basement
Basement: "Brick/Mortar", "Exterior Only", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 2,702, Construction Materials: "Shingle Siding", "Aluminum Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1920, 2 stories, 2 total stories
Cooling
Cooling Included, Cooling: "Window Unit(s)", "Heat Pump"
Expenses
Operating Expense: $18,675
Exterior Features
Patio And Porch Features: "Deck", "Glass Enclosed", Patio And Porch Features: "Deck", "Glass Enclosed"
Floors
Flooring: "Wood", "Laminate"
Heating
Heating: "Heat Pump", "Baseboard", Heating Included
Income
Gross Income: $77,400
Interior Features
Features: "1st Floor Bedroom", "Attic", "Bathtub", "One-Floor Living", "Shower"
Laundry
Features: "Laundry - 1st Floor", "Upper Level", "Main Level"
Lot
Features: "Corner Lot", "Near Golf Course", "Near Public Beach", "Near Turnpike/Interstate", "Near Town", "Neighborhood", 0.15 acres, Area: 0.15, 6,534 square feet
Parking
Features: "5 - 10 Spaces", "Paved"
Property
Parcel Number: OOBH-000311-000002-000010, Zoning: GB-2
Roof
Roof: "Flat", "Metal", "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,307, Tax Lot: 10
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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