224 North

Property Description:

Welcome to this stunning 8 unit complex located in the heart of Saco! This property is fully rented and is made up of 6 brand new 2 bedroom, 1.5 bath units, and 2 fully renovated 3 bedroom, 1 bath units.

The new 2 bedroom units have a contemporary design with 950 square feet of living space on a slab foundation and come with 2 dedicated off-street parking spaces each. These units have all the latest amenities including heat and A/C provided by hyper heat super efficient heat pumps. All utilities are paid for by tenants in these units.

The renovated 3 bedroom units come with gleaming hardwood floors, plenty of basement storage and large sunrooms off the kitchen. In addition, these units have replacement windows, new kitchens, and an aluminum roof with 2 dedicated parking spaces.

Located within walking distance to downtown Saco, tenants have easy access to the Eastern Trail, Thornton Academy, the Beach, Tennis Courts, Gyms, as well as Local Shops and Restaurants. This property is also conveniently located within a mile of the Maine Turnpike, just 20 minutes to Portland and minutes from Old Orchard Beach. Families with children will appreciate that this property is part of the Thornton Academy School System, which is known for its excellent academic and athletic programs. Saco also has a train station providing free parking and convenient access to Portland to the north, as well as Portsmouth and Boston to the south.

These are fully rented and very low maintenance and low expense units designed to maximize the return on your investment, while minimizing the amount of work involved. Don’t miss out on this amazing investment opportunity in one of the most desirable locations in Saco!

All units come with the following appliances: In unit washer/dryers, refrigerator/freezer, dishwasher, range and oven, and built in above range microwaves.