7 Garfield Street

Saco, ME 04072

MLS ID# 1575683 Active

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$675,000

0 parking spaces

2314 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

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! 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 thr... show more

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
• Tax ID SACO-000067-000021
• Association No
• Full Tax Amount 4980
• Tax Year 2022

Property Information

• Surveyed Yes
• Seasonal No
• Number of Units 2
• Total Baths 3
• Total Full Baths 3
• Total Half Baths 0
• Year Built 1925
• SqFt Finished Above Grade 2314
• SqFt Finished Below Grade 0
• SqFt Finished Total 2314
• SqFt Source Public Records
• Garage No
• Garage Spaces 0
• Lot Size Acres +/- 0.75
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2.5%

Directions

Route 5 to Garfield St, #7.

Details

• Site

  Level, Sidewalks

• Roads

  Paved, Public

• Water Info

  No Water Frontage, No Water View

• Income & Expenses

  Gross Income:26400, Operating Expenses:6640

• Units

  # of 1 BD Units:1, # of 2 BD Units:0, # of 3 BD Units:1, # of 4+ BD Units:0

• Unit 1

  No Lease, Level:First, Security Deposit, Monthly Rent:2200, # Full Baths:2, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, No Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  No Lease, Level:First, No Security Deposit, Monthly Rent:0, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, Dedicated Water Heater, No Electric, No Heat, No Range, Refrigerator, Sewer, Water

• 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

• Utilities

  Utilities On

• Gas

  No Gas

• Sewer

  Public Sewer

• Water

  Public