About this home
Motel with 9 cottages & 9 motel rooms plus an owners cape style 3 bedroom house located on the edge of downtown Old Orchard Beach. Each room and cottage is fully equiped with mini-kitchens. Park and walk to your favorite attractions in this beachfront community. This motel has a good repeat clientele as well as new guests because of it's location and amenities. Owners house their staff onsite. Maintenance and improvements are addressed continualy. A good income producer for an investor or a hands on operator.
Listing last checked: Listing updated:
Listed by Listing Agent · EXP Realty · MLS #1683155
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Details at a glance
Interior3 property facts
- Heating
- Electric, Oil, Baseboard, Zoned
- Cooling
- Window Unit(s)
- Flooring
- Carpet, Laminate, Vinyl, Hardwood, Linoleum
Building4 property facts
- Style
- General Commercial
- Year built
- 1955
- Foundation
- Slab
- Roof
- Fiberglass, Shingle
Land & utilities4 property facts
- Lot size
- 1.3 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- DD-2
Financial2 property facts
- Annual taxes
- $12,987
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $3,400,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$18,275 / monthAdjust
- Principal & interest
- $17,192
- Property tax
- $1,082
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,987. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 29 Saco Avenue
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