Saco
$599,999
7 Garfield Street
mls: 1660328
Bathrooms: 3
Year Built: 1925
Sq Footage: 2,314
Lot Size: 0.75
Taxes: $5,552
Status: Active

This is the kind of property for both today's income and tomorrow's potential... and those are getting harder to find. Beyond the existing income, the real upside is in the zoning.

Listed by: Maine Real Estate Co

This is the kind of property for both today's income and tomorrow's potential... and those are getting harder to find. Beyond the existing income, the real upside is in the zoning. The property allows for up to 6 total units, and prior engineering and planning board approval in 2022 supports additional development potential. Buyer to verify current status with the town, approval expired 2/18/24. Set on a .75 acre lot in a convenient Saco location, this two unit property delivers immediate cash flow, flexibility, and future upside. Unit 1 spans 1,800 sqft with a 3 to 4 bedroom layout and 2 full baths, currently occupied by a long term tenant paying 2,200 per month. The layout includes first floor living with additional space upstairs, creating a setup that is both functional and highly livable. Unit 2 is 600 sqft and has been fully renovated within the past year with a new kitchen, bathroom, flooring, and in unit washer and dryer. Previously rented at 1,450 per month, it is now vacant and ready for immediate occupancy or rental. The property also includes a full basement for major systems, a paved driveway, and ample parking. Located just minutes from downtown Saco, local restaurants, shopping, and the Maine coastline including Ferry Beach and Camp Ellis, with easy access to Route 1 and I 95 for commuting to Portland and surrounding areas. A property that works on multiple levels, from immediate income to long term development potential in a market where demand continues to grow.

Listed by: Maine Real Estate Co

Above Grade Finished Area
2314.00
Accessibility Features
Appliances
Architectural Style
New Englander
Basement
Bulkhead, Interior Entry, Full, Unfinished
Bathrooms Full
3
Bathrooms Half
0
Bathrooms Total Integer
3
Below Grade Finished Area
0.00
Body Type
Building Area Total
2314.00
Construction Materials
Wood Frame, Vinyl Siding, Wood Siding
Cooling
None
Electric
On Site, Circuit Breakers
Exterior Features
Fireplaces Total
0
Flooring
Carpet, Vinyl, Wood
Foundation Details
Block, Brick/Mortar
Garage Spaces
0.00
Green Energy Efficient
Heating
Gas Bottled, Oil, Propane, Baseboard, Hot Water, Zoned
Heating Yes/No
1
Interior Features
1st Floor Bedroom, Bathtub, Other, Shower, Storage, Primary Bedroom w/Bath
Laundry Features
Main Level, Washer Hookup
Lot Features
Interior Lot, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Suburban, Near Railroad, Level, Open Lot, Sidewalks
Lot Size Acres
0.7500
Other Equipment
Cable, Internet Access Available
Other Structures
Shed(s)
Parking Features
Gravel, Paved, 1 - 4 Spaces, 5 - 10 Spaces, On Site, Off Street
Patio And Porch Features
Deck, Porch
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
5552.20
Utilities
Water Source
Public
Waterfront Features
Nearby, Public
Year Built
1925
Zoning
R-2