7 Garfield Street, Saco, ME 04072 (MLS# 1575683)

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7 Garfield Street, Saco, ME 04072

$690,000
Property Type: Multi-Family Baths: 3 Square Footage: 2,314 Lot Size (sq. ft.): 32,670 Status: Active
Current Price: $690,000 List Date: 10/24/2023 Last Modified: 1/12/2024

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!

Supplements: ********

More Information MLS# 1575683

Location Information

Street #: 7 Street Name: Garfield Street Type: Street County: York Town: Saco State/Province: ME Zip Code: 04072 Zip +4: 2405 Leased Land: No Book: 10657 Page: 160 Map: 067 Lot: 021 Zoning: R-2 Zoning Overlay: No Association: No Full Tax Amount $: 4980 Tax Year: 2022 Geo Lat: 43.510816 Geo Lon: -70.461456

Contract Information

Status: Active Original List Price: 699000 List Price: $690,000 Current Price: $690,000

Property Information

Surveyed: Yes Seasonal: No Number of Units: 2 Total Baths: 3 Total Full Baths: 3 Year Built: 1925 SqFt Finished Above Grade: 2314 SqFt Finished Total: 2314 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.75 Source of Acreage: Public Records

Compensation & Misc Info

Buyer Agency: 2.5 Buyer Agency Type: %

Water Info

Water Frontage: No Water View: No

Income & Expenses

Gross Income: 26400 Operating Expenses: 6640

Units

# of 1 BD Units: 1 # of 3 BD Units: 1

Unit 1

Lease: No Level: First Security Deposit: Yes Monthly Rent: 2200 # Full Baths: 2 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: First Security Deposit: No # Full Baths: 1 # of Rooms: 2 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: Yes Electric: No Heat: No Range: No Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Property Features

Site: Level; Sidewalks Location: Near Town; Neighborhood Roads: Paved; Public Style: New Englander Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Bulkhead; Interior Foundation Materials: Block; Brick/Mortar Exterior: Vinyl Siding; Wood Siding Roof: Shingle Heat System: Baseboard Heat Fuel: Oil Water Heater: Other Water Heater Cooling: None Floors: Wood Driveway: Paved Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Landing Real Estate
Last Updated: January - 12 - 2024
7 Garfield Street, Saco, ME 04072- MLS# 1575683
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