8 Railroad AVE, Kennebunk, ME 04043 - MLS#1598842

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Monet Yarnell

monet@sell207.com +1(207) 461-4740

Listed by Keller Williams Realty • 207-650-6176

$1,450,000

2 Baths

1,554 SqFt

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UPDATED:

08/19/2024 08:44 PM

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 1,554 sqft

MLS Listing ID 1598842

Style Cottage,Ranch

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,554

Originating Board Maine Listings

Year Built 1955

Annual Tax Amount $9,031

Tax Year 2023

Lot Size 4,791 Sqft

Acres 0.11

Property 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, 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.

Location

State ME

County York

Zoning Coastal Residential

Rooms

Basement Crawl Space, Sump Pump, Exterior Only, Unfinished

Interior

Interior Features Furniture Included, One-Floor Living, Shower

Heating Heat Pump, Baseboard

Cooling Heat Pump

Flooring Vinyl

Laundry Laundry - 1st Floor, Main Level

Exterior

Garage 1 - 4 Spaces, Gravel, Off Street, On Street

Waterfront No

View Y/N No

Roof Type Composition,Shingle

Street Surface Paved

Porch Deck, Porch

Garage No

Building

Lot Description Level, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Cottage, Ranch

Structure Type Vinyl Siding,Wood Frame

Others

Energy Description Propane

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Monet Yarnell

+1(207) 461-4740

Designated Broker | License ID: DB922416

Designated Broker License ID: DB922416