I’m excited about this week’s listing because it presents a great opportunity to its next owner.
It’s a two-unit on a quiet, dead-end street about four blocks from the downtown business district. Both flats have three bedrooms and one bathroom. They have separate entrances, and the second floor has an additional exterior staircase for access. There’s plenty of parking, open yard space and a wonderful little sunroom on the first floor.
Property Highlights
- Single family home on three individual lots in a waterfront neighborhood
- G Zone property, opening the possibility of build additional units with water views on upper levels
- Close to Spring Point, Willard Beach the Green Belt multi-use trail, and groceries/amenities at Mill Creek
- Five-minute drive to downtown Portland and just a little more to Interstate-295
And the convenient location! Downtown Saco is filled with restaurants, shopping and galleries, and it is right across the Saco River from downtown Biddeford, another fun, former mill town that is thriving with new business and residents. It’s ideal for commuting too—you’ll be close to Interstate 95 and an Amtrak station, both of which can take you quickly north to Portland and the Midcoast or south to Boston. Plus, some of our state’s best beaches, schools and gorgeous conservation lands are here.
In case you didn’t know, if you are looking for financing to buy a home, 75% of the projected gross income of a multi-unit property can be included as your personal income when you apply for a loan. We love two-units precisely for this reason. With just one rental unit to manage, owners can get mortgage support without the exponential complications of two, three, four and more units to care for.
11 Harrison Ave. is listed by Tom and Julia Ranello of RE/MAX® Shoreline who say, “We love where we live.” Contact them for a private showing: 207-838-1651 or ranellogroup@gmail.com.
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