J
Seller's Agent in 2023
Julie Herbert
EXP Realty
(207) 409-0606
1 in this area
13 Total Sales
42 Thornton Ave Unit 3 Saco, ME 04072
Downtown Saco Neighborhood
--
Bed
4
Baths
4,804
Sq Ft
10,019
Sq Ft Lot
Highlights
- Colonial Architecture
- Property is near public transit
- Attic
- Saco Middle School Rated A-
- Wood Flooring
- 1 Fireplace
About This Home
As of March 2023Multiunit 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,977
Year Built
- Built in 1878
Lot Details
- 10,019 Sq Ft Lot
- Fenced
Home Design
- Colonial Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 4 Full Bathrooms
- 4,804 Sq Ft Home
- 1 Fireplace
- Home Security System
- Washer and Dryer Hookup
- Attic
Flooring
- Wood
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Sump Pump
- Crawl Space
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Outbuilding
- Porch
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 90
- Assessor Parcel Number SACO-000038-000090
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $19,746
- Gross Income $66,300
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2023 03/03/23 | Sold | $730,000 | -2.0% | $152 / Sq Ft |
| 11/28/2022 11/28/22 | Pending | -- | -- | -- |
| 11/23/2022 11/23/22 | For Sale | $745,000 | -- | $155 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Julie Herbert
-
T
Buyer's Agent in 2023
Timothy Nolan
DeWolfe - Windham
Map
Source: Maine Listings
MLS Number: 1548603
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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