Residential Income in Old Orchard Beach

$799,000

62 Evergreen, 04064, Old Orchard Beach, ME

UNDER OFFER

Residential Income for sale in Old Orchard Beach, 62 Evergreen, 04064

62 Evergreen, 04064, Old Orchard Beach, ME

$799,000

4Bath
Type: Residential Income

Description

Nestled on a quiet residential street, yet just a short walk to the beach, restaurants, shops, and entertainment, 62 Evergreen Avenue offers the perfect combination of peaceful coastal living and outstanding investment potential. This well-maintained property features a beautifully updated duplex plus a separate detached cottage, creating multiple income streams and exceptional flexibility for investors, owner-occupants, or multi-generational living. The front duplex includes two updated 2-bedroom units, each with modern kitchens, newer appliances, in-unit washers and dryers, and bright, comfortable living spaces. One unit is currently owner-occupied, while the second provides dependable year-round rental income with the opportunity to convert to a seasonal or short-term rental for even greater earning potential. Privately tucked behind the duplex, the detached cottage with 2 BR has a proven history as a successful summer vacation rental and winter rental from October through May, providing an additional established source of income while maintaining privacy for owners and guests alike. Outside, enjoy a beautifully landscaped, fenced backyard complete with a spacious patio, outdoor fireplace, and hot tub--an inviting space to relax or enhance the guest experience. With off-street parking for up to six vehicles, reliable existing rental income, and the potential to significantly increase seasonal revenue, this property offers immediate cash flow and long-term upside. Whether you're expanding your investment portfolio, offsetting your mortgage with rental income, or seeking a versatile coastal property, this rare opportunity places you in a quiet, walkable neighborhood just moments from all the beaches, dining, shopping, and attractions that make Old Orchard Beach one of Maine's most desirable seaside communities.

Location

62 Evergreen, 04064, Old Orchard Beach, ME

Data

Object TypeResidential Income
Purchase Price$799,000
Living Space0 m²
Plot Size485.62 m²
Bathrooms4
Construction Year1900
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeElectric, Oil, Propane, Forced Air, Heat Pump, Space Heater
Primary Energy SourceN/A
Construction Year1900
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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