Skip To Content

7 Garfield Street

Saco, ME 04072
  • $650,000
  • STATUS: Active
  • MLS #: 1575683
UPDATED: 110 min ago
$650,000
  • 0
    BEDS
  • 0.75
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,314
    SQFT
Type:
Multi-Family
Built:
1925
County:
Area:

School Ratings & Info

Mortgage Calculator tool is provided by BoomTown.

Description

Perfect investment opportunity for someone looking to add to their portfolio or develop more housing units.This property is currently being used as a 2 unit and the land it sits on is zoned to allow a total of 6 units. The current owner has gone through all of the permitting and approval process' to develop an additional 5 units on the property - with this plan you would need to convert the 2 unit back into a single family. There are other development opportunities a new owner could explore as well. Any additional units would require condos - the seller has already started this process as well. This really is a great opportunity!

Monthly Payment Calculator

Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-06-12T15:52:35.803.
www.davidmarshallteam.com/homes/144644917
Print Image

7 Garfield Street Saco, ME 04072

  • Price: $650,000
  • Status: Active
  • On Site: Days
  • Updated: 110 min ago
  • MLS #: 1575683
0
Beds
3
Baths
0
½ Baths
0.75
Acres
2,314
SQFT
$281
$/SQFT
1925
Built
County:
York
Area:
Saco
Property Description
Perfect investment opportunity for someone looking to add to their portfolio or develop more housing units.This property is currently being used as a 2 unit and the land it sits on is zoned to allow a total of 6 units. The current owner has gone through all of the permitting and approval process' to develop an additional 5 units on the property - with this plan you would need to convert the 2 unit back into a single family. There are other development opportunities a new owner could explore as well. Any additional units would require condos - the seller has already started this process as well. This really is a great opportunity!
Exterior Features

Architectural Style New Englander Attached Garage YN No Construction Materials Wood SidingVinyl SidingWood Frame Foundation Details BlockBrick/Mortar Garage YN No Lot Features LevelSidewalksNear TownNeighborhood Parking 5 - 10 Spaces Parking Features 5 - 10 SpacesPaved Road Surface Type Paved Roof Shingle Water View No Waterfront YN No

Interior Features

Above Grade Finished Area 2314 Basement FullExterior EntryBulkheadInterior EntryUnfinished Below Grade Finished Area 0 Cooling None Cooling YN No Flooring Wood Heating Baseboard Heating YN Yes Wood Floors YN Yes

Property Features

Association YN No Electric Circuit Breakers Gross Income 26400 Heat Fuel Oil YN Yes Land Lease YN No Operating Expense 6640 Property Seasonal No Sewer Public Sewer Tax Annual Amount 4980 Tax Year 2022 Utilities Utilities On Water Source Public Zoning R-2

Maine Real Estate Information Systems logo Listing provided courtesy of Landing Real Estate: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-06-12T15:52:35.803.
 
https://bt-photos.global.ssl.fastly.net/maine/1280_boomver_3_1575683-2.jpg https://bt-photos.global.ssl.fastly.net/maine/1280_boomver_3_1575683-2.jpg https://bt-photos.global.ssl.fastly.net/maine/1280_boomver_3_1575683-2.jpg
Logo
The David Marshall Team | eXp Realty, LLC
533 Congress Street
Portland ME, 04101
Mortgage Calculator tool is provided by BoomTown.