42 Thornton Avenue, Unit 3Saco, ME 04072Sale Price: $730,000

Multiunit for sale in prime downtown Saco location. Close to Main Street, Reny's, and Shaw's. Two 2 BR/1BA apartments built in 2019 with multiple year leases in place. Both expire in 2026 so you have guaranteed income (with increases built in) for 4 years! Tenants pay all utilities except water and sewer. A 2800sf house in the process of being converted to two 2+ bedroom apartments with plans included. All cabinets, countertops, flooring, and appliances for planned upstairs kitchen included! A new downstairs bathroom and laundry room will be completed prior to closing. The house is currently vacant but was being rented by the room with shared living space. The living room was being used as a downstairs bedroom and the dining room was turned into the living area. There is a large eat-in kitchen. A sprinkler system is required by code. Seller will provide contact information for installer and $20,000.00 allowance. Home can easily be returned to single family living with minor work. There is a security system in place (through Vivint) that monitors exterior of the property and interior common areas of main house, easily removed if not wanted. Fully insulated attic with high ceilings – great for bonus room however cannot be used for sleeping per code. Four Natural Gas boilers installed in 2021. Two belong to the existing apartments, the other two supply the house and provide room to divide the home into two apartments that pay their own heat. Those two boilers will also heat the water while the apartments use hybrid electric hot water heaters installed in 2019. Driveway paved in 2020 with parking for 9 vehicles.