8 Railroad Avenue
Kennebunk, ME 04043
$1,450,000
Price
6
Beds
2
Baths
1,554 Sq. Ft.
$933 / Sq. Ft.
1,554
Sq. Ft.
$933
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
Are you in search of a rare investment opportunity in Kennebunk? Look no further than 8 Railroad, an exquisite cottage compound featuring TWO three-bedroom units just steps from the white sands of Kennebunk's Mother's Beach and a short trip to the charming downtown. Currently generating substantial annual cash flow as short-term rentals, these cottages offer the flexibility to be rented out or occupied separately. Both cottages are meticulously curated with fine furniture, lighting, cabinetry, counters,...Are you in search of a rare investment opportunity in Kennebunk? Look no further than 8 Railroad, an exquisite cottage compound featuring TWO three-bedroom units just steps from the white sands of Kennebunk's Mother's Beach and a short trip to the charming downtown. Currently generating substantial annual cash flow as short-term rentals, these cottages offer the flexibility to be rented out or occupied separately. Both cottages are meticulously curated with fine furniture, lighting, cabinetry, counters, appliances, and artwork. The attention to detail is reminiscent of yacht design, with everything thoughtfully placed, creating a subtle, high-end nautical ambiance. The front cottage, 'Fairview,' opens into a lovely living space that connects to an eat-in kitchen with open shelving. A discreet hallway houses a full-size washer and dryer, leading to a barn door that opens to the bathroom. The side bedroom features a queen-size bed, the second bedroom is equipped with bunk beds, and the primary bedroom offers a king-size bed, all with premium mattresses and a soothing blue and white color scheme. Around the side, you'll find the entrance to 'Seabreeze,' which boasts a private yard and deck space. The entryway leads directly into a kitchen with an eat-in dining table. To the left, a gorgeous living room continues the nautical theme. The hallway reveals a room with a twin trundle bed, ideal for young guests, and a stackable washer and dryer. The spacious bathroom includes a glass door shower, offering more space than typical cottages. The second bedroom has a queen-size bed, while the primary bedroom features a king-size bed and space for a reading chair. The backyard is perfect for outdoor enjoyment, with a picnic table and an array of Adirondack chairs scattered across the property for soaking in the glorious summer days. This property is highly popular as a rental, boasting numerous returning guests and glowing online reviews. Financials available upon request.
- Listed by Holly Mitchell • Keller Williams Realty • 207-650-6176
Property Details for 8 Railroad Avenue
Waterfront
No
ArchitecturalStyleCottage, Ranch
Garage Spaces.00
GarageNo
ZoningCoastal Residential
LISTING UPDATED: 08/19/2024 04:44 PM
Property Details for 8 Railroad Avenue
| Status | Active |
|---|---|
| MLS # | 1598842 |
| Days on Market | 148 |
| Taxes | $9,031 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1955 |
| Lot Size | 0.11 AC / 4,791 SF |
| County | York County |
Virtual Tour
Building Information for 8 Railroad Avenue
Stories-Residences2Year Built1955Building Size-Lot Size0.11 AC / 4,791 SF
Property Information for 8 Railroad Avenue
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 7553
- Directions: GPS friendly
- Town: Kennebunk
- State/Province: ME
- Zip Code: 04043
- County: York
- Geo Latitude: 43.34579
- Geo Longitude: -70.500745
- Tax Lot: 52
- Site:Level: Yes
- Site:Well Landscaped: Yes
- Location:Near Golf Course: Yes
- Location:Near Public Beach: Yes
- Location:Near Shopping: Yes
- Location:Near Town: Yes
- Location:Neighborhood: Yes
- Recreational Water:Nearby: Yes
Parking
- Parking Features: 1 - 4 Spaces, Gravel, Off Street, On Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 19042
- Tax Map Number: 95
- Tax Year: 2023
- Parcel Number: KENB-000095-000000-000052
- Location Information:Association Y/N: No
- Tax Annual Amount: $9,031.00
Virtual Tour
- Virtual Tour URLUnbranded: https://my.matterport.com/show/?m=aZnY6bR73ZN
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 1554.0
- Lot Size Acres: 0.11
- Source of Acreage: Public Records
- Building Area Total: 1554.0
- Lot Size Area: 0.11
- Lot Size Units: Acres
- Lot Size Square Feet: 4791.6
- Bathrooms Full: 2
- Bathrooms Half: 0
- Street Number: 8
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Owner Occupied: No
- Property Information:Deed/Conveyance Type Offered: Warranty
- Property Information:Deed: All
- Property Information:Total Half Baths: .00
- Property Information:Color: White
Parking
- Driveway:Gravel: Yes
Property and Assessments
- Documents Available: Property Disclosure Member Only
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1955
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Composition, Shingle
- Other Structures: Shed(s)
- Patio and Porch Features:Deck: Yes
- Patio and Porch Features:Porch: Yes
Interior Features
- Basement: Crawl Space, Sump Pump, Exterior Only, Unfinished
- Flooring: Vinyl
- Interior Features: Furniture Included, One-Floor Living, Shower
- Cooling: Heat Pump
- Heating: Heat Pump, Baseboard
- Foundation Details: Concrete Perimeter
- Laundry Features: Laundry - 1st Floor, Main Level
- Bathrooms Total (Integer): 2
- Bathrooms Total (Decimal): 2.00
- Bathrooms Total (Notational): 2.00
- Cooling YN: Yes
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $113,008.00
- Operating Expenses: $35,926.00
Multi-Family Information
- Number of Units: 2
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 6.00
- Unit 1:# of Bedrooms: 3.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: Yes
- Unit 1:Dedicated Water Heater: Yes
- Unit 1:Electric: Yes
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: First
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 6.00
- Unit 2:# of Bedrooms: 3.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: Yes
- Unit 2:Dedicated Water Heater: Yes
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit Information
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 2
- Units:# of 4+ BD Units: 0
Property History for 8 Railroad Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8 Railroad Avenue
Taxable ValueLand$380,900Additions$181,800Total$562,700
Tax Record2024$9,538 ($795 / month)
Home Facts
Baths2Total Finished SqFt1,554 SqFtAbove Grade Finished SqFt1,554 SqFtStories1Lot Size4,792 SqFtStyleDuplexYear Built1955Zoning8CountyYORKAPNKENB M:095 L:052
Schools near 8 Railroad Avenue
This home is within Regional School Unit 21.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 3 to 5 |
Rating | School | Distance |
|---|---|---|
Kennebunkport Consolidated School PublicK to 5 | ||
Middle School Of The Kennebunks Public6 to 8 | ||
Kennebunk High School Public9 to 12 | ||
Sea Road School Public3 to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Realty
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
