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7 Garfield StreetSaco, ME 04072Price: $779,950

  • Price: $779,950
  • Est. Mortgage of $/month
  • 50 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.71% last updated on Jun 8, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $779,950List Price
  • 3Bathrooms
  • 0.75Acreage
  • 2,314Square Feet
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Listed by Keller Williams Realty
Attention developers and investors! Here's a fantastic opportunity to own a multi-unit investment property in the heart of Saco, Maine. This property is currently being used as a 2-family unit, but conditional approvals are in place for the construction of five additional condo units each 2BR/1.5BA units. The approved plan includes a triplex, a duplex, and the conversion of the existing 2-family unit into a single-family unit upon completion of the project. The plans for the additional units have been recorded, and a draft of HOA documents is available for review, although they would need to be completed in order for the city to recognize this as a Condo association. You will also have access to building plans from the city file, allowing you to move forward with the construction process quickly. This property's location is unbeatable, with its close proximity to downtown Saco, shopping centers, restaurants, and schools. It's also conveniently located just a 20-minute drive from the bustling city of Portland and only 90 miles from Boston. This investment opportunity offers endless possibilities for income potential in a highly desirable area. Don't miss out on this fantastic opportunity to own a multi-unit investment property in an ideal location with most of the approvals in place.

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Lakepoint Real Estate participates in ©2023 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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