27-33 Odessa Avenue, Old Orchard Beach, ME 04064
$2,175,000
Property Type:
Multi-Family
Baths:
10
Square Footage:
6,504
Lot Size (sq. ft.):
46,174
Status:
Closed
Current Price:
$2,175,000
List Date:
7/08/2024
Last Modified:
1/19/2025
Description
*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!
Supplements: ********
More Information MLS# 1595571
Location Information
Book: 14459/9455
Leased Land: No
Page: 0931/0003
Map: 315
Block: 5
Lot: 2-4
Zoning Overlay: Unknown
Association: No
Street #: 27-33
Street Name: Odessa
Street Type: Avenue
County: York
Town: Old Orchard Beach
State/Province: ME
Zip Code: 04064
Zoning: R-3
Full Tax Amount $: 16100
Tax Year: 2023
Geo Lat: 43.506658
Geo Lon: -70.38337
Property Information
Surveyed: No
Seasonal: Yes
Number of Units: 9
Lot Size Acres +/-: 1.06
Total Baths: 10
Total Half Baths: 1
SqFt Finished Above Grade: 6504
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: No
Garage Spaces: 0
Total Full Baths: 9
Year Built: 1960
SqFt Finished Total: 6504
Source of Acreage: Public Records
Site
Level: 1
Open: 1
Location
Near Town: 1
Near Turnpike/Interstate: 1
Roads
Paved: 1
Public: 1
Water Info
Water Frontage: No
Water View: No
Recreational Water
Nearby: 1
Public: 1
Style
Other: 1
Ranch: 1
Construction
Wood Frame: 1
Structure Type
Duplex: 1
Basement
Full: 1
Unfinished: 1
Exterior
Shingle Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Hot Water: 1
Heat Fuel
Oil: 1
Income & Expenses
Gross Income: 65070
Operating Expenses: 45182
Cooling
None: 1
Floors
Tile: 1
Vinyl: 1
Wood: 1
Units
# of 2 BD Units: 8
# of 3 BD Units: 1
Parking
5 - 10 Spaces: 1
Off Street: 1
Unit 1
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1000
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Unit 3
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1150
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
No Gas: 1
Unit 4
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 0
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Unit 5
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 2000
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Private: 1
Unit 6
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1500
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 7
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1150
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 8
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1150
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 9
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 0
# Full Baths: 1
# Half Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Driveway
Other: 1
Basement Entry
Exterior Only: 1
Water Heater
Off Heating System: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Closed
Original List Price: 2250000
Sold Price: $2,175,000
Current Price: $2,175,000
Status Change Info
Pending Date: 2024-07-26
Closed Date: 2024-09-16
Closed Price: 2175000
Property Features
Site: Level; Open
Location: Near Town; Near Turnpike/Interstate
Roads: Paved; Public
Recreational Water: Nearby; Public
Style: Other; Ranch
Structure Type: Duplex
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Exterior Only
Exterior: Shingle Siding
Roof: Shingle
Heat System: Baseboard; Hot Water
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: None
Floors: Tile; Vinyl; Wood
Driveway: Other
Parking: 5 - 10 Spaces; Off Street
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Private
Documents
Odessa Property Disclosure ›
Listing Office:
Vitalius Real Estate Group, LLC
IDX
Last Updated: January - 19 - 2025
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