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165 E Grand Ave
Old Orchard Beach, ME 04064

$545,000 USD

Apartments Condo For Sale • 812 SF

Property Details

Property Type Apartments
Total Building Size 6,496 SF
Lot Size 0.27 AC
Building Class C
Year Built 1998
Zoning BRD

30 Walk Score

1 Unit Available

Name

Condo Use

Size

Price

Details

1st Floor - Unit 6

Flex

812 SF

$545,000 USD

Unit Size: 812 SF
Condo Use: Flex
Price: $545,000 USD
Sale Type: Investment or Owner User
Price/SF: $671.18 USD

Description

Life is short, buy the beach house. Welcome to 165 E Grand Avenue, where you will find Cottage #6 -- a recently renovated 2 bed/2 full bath cottage, with an office and wifi! Whether you're looking for a family getaway, a low-maintenance year-round home by the sea, or an investment property with significant rental potential and the ability to build up, this charming cottage is the hidden gem you've been waiting for. On the Ocean side of East Grand, you are literally steps away from the sandy 7-mile beach -- a stone's throw. Newly renovated, including a new layout. Two condos were combined into 1 free-standing cottage, and converted into a year round cottage. A bonus room/office was added, new light fixtures, freshly painted throughout, 2 updated bathrooms, refinished and freshly painted walls, new flooring, new shiplap living room ceiling, new blown-in insulation, new hot water heater, new mini split for heating and cooling, new stainless steel refrigerator, and new white quartz countertop. The master bedroom ensuite has a vaulted ceiling and a private deck with a garden, manicured lawn and a partial ocean view. The beach is steps away at the top of the street. Part of a non-restrictive association with a low monthly a fee of 167 a month. The turnover in this association is extremely low due to the close proximity to the Ocean and low association fee. Some even have owned since the establishment of the association. Includes 2 parking spots. Non restrictive association -- you can further improve your cottage by building up, or adding a roof deck! No pet restrictions for owners. This cottage has an active short term rental license approved by the town. Rental weeks and income to convey. Don't miss this opportunity to buy the beach house steps to the Ocean and a short walk to many outdoor restaurants with live music and to the pier.

Sale Notes

Very close to the Ocean. Amazing location.
Year Round rental income potential of $63K, if $3000/week for 12 weeks in summer = $36,000, and $3000 a month over the off season months = $27,000.
A free-standing structure in a low-fee association. $167 per mo.
The non-restrictive association allows owners to build UP within their building envelope. 
Pets are allowed for owners.
Short term rentals allowed. 
Short term rental license has been approved by the town.
All rental weeks convey.

Renovations include: new layout from combining two condos.  Added an office.  All walls, ceilings and floors have been refinished or replaced. New hot water heater, new mini split for heating and cooling. New quartz kitchen counter, freshly painted throughout. New shiplap ceilings and new wainscoating on kitchen walls, new blown in insulation, new stainless steel refrigerator.

Description

Life is short, buy the beach house. Welcome to 165 E Grand Avenue, where you will find Cottage #6 -- a recently renovated 2 bed/2 full bath cottage, with an office and wifi! Whether you're looking for a family getaway, a low-maintenance year-round home by the sea, or an investment property with significant rental potential and the ability to build up, this charming cottage is the hidden gem you've been waiting for. On the Ocean side of East Grand, you are literally steps away from the sandy 7-mile beach -- a stone's throw. Newly renovated, including a new layout. Two condos were combined into 1 free-standing cottage, and converted into a year round cottage. A bonus room/office was added, new light fixtures, freshly painted throughout, 2 updated bathrooms, refinished and freshly painted walls, new flooring, new shiplap living room ceiling, new blown-in insulation, new hot water heater, new mini split for heating and cooling, new stainless steel refrigerator, and new white quartz countertop. The master bedroom ensuite has a vaulted ceiling and a private deck with a garden, manicured lawn and a partial ocean view. The beach is steps away at the top of the street. Part of a non-restrictive association with a low monthly a fee of 167 a month. The turnover in this association is extremely low due to the close proximity to the Ocean and low association fee. Some even have owned since the establishment of the association. Includes 2 parking spots. Non restrictive association -- you can further improve your cottage by building up, or adding a roof deck! No pet restrictions for owners. This cottage has an active short term rental license approved by the town and the potential to earn in excess of 60K a year for someone renting all weeks and months. Don't miss this opportunity to buy the beach house steps to the Ocean and a short walk to many outdoor restaurants.

                
                    Highlights
                
                                Beachside, steps to the Ocean, Amazing location, Newly renovated, Air Conditioning, Freshly painted, New flooring, Year Round cottage by the sea.