242 Lincoln StreetSaco, ME 04072Sale Price: $480,000

This is your chance to own a multi-family property near historic downtown areas and just minutes from the sought after beaches and nature trails of this beautiful coastal Maine area! Property sits on sunny open parcel and has 3 buildings including the main 2-story apartment building with 3 units, a two car garage and shed. Plenty of parking. Top level has an airy 4 bedroom apartment with light filled screened in porch. This unit has its own laundry area and two separate entrances that open up to both street and driveway side. First level has two apartments in various conditions each with kitchen & bath. One unit on first level has a screened in porch. Home has many options to start making income today, or do some minor upgrades and repairs for when leases are up to transform this property into a modern coastal apartment building. So much to explore and enjoy in this wonderful seaside destination - including nearby Ferry Beach State Park, Saco Bay Trails, Saco Heath Preserve, and the amusement park, beaches and pier at Old Orchard Beach. Portland Maine just 20 minutes away and Portsmouth only 45. A fun rental investment project just in time for warm weather in desirable Maine! Current rents are extremely under market value. Seller's family members live there now. Unit 1 will be vacant at closing and units 2 and 3 both have leases that expire at the end of June. Open House Saturday and Sunday 11am to 1:30pm