Located in the vibrant community of Sanford, Maine, this well-loved two-unit multifamily property offers an excellent investment opportunity with fully leased two-bedroom units. Perfect for investors seeking consistent rental income with minimal upkeep, this property is positioned in a convenient location. Property will have a 4 parking space deeded easement that transfers at closing.
This two-unit rental property is a fantastic opportunity for anyone looking to generate reliable income while enjoying the benefits of property ownership in a growing community. Whether you're an investor or a homeowner looking for a smart way to offset your mortgage, this property offers both flexibility and financial stability. First floor unit will be vacant. Property Deed will be updated to include a 28x40 section of the adjacent lot to use for 4 tandem parking spots, and an easement for 24 Thompson Ave to use 4 tandem parking spots.
GREAT INVESTMENT OPPORTUNITY TO START 2025!!. OPEN HOUSE SUNDAY 10AM-NOON. This property is a well-maintained two-unit multifamily home, ideal for both investors and owner-occupants, especially supplemental income for First time Homebuyers. Each unit features three bedrooms, providing ample living space. A key benefit of this property is that each unit is equipped with its own heating system and hot water tank, ensuring independent and efficient utilities for each household. The first-floor unit stands out with a newly updated kitchen, complete with brand-new appliances, adding modern convenience and appeal. The property also boasts a spacious backyard, perfect for outdoor activities and entertaining. The backyard is enhanced by a brand-new deck, offering a stylish and functional space for relaxation or gatherings. Situated in a prime location, the home is close to all the shopping, dining, and amenities that Sanford has to offer, making it a convenient choice for residents. Whether you're looking for a steady rental income or a comfortable home with an additional rental unit, this property combines functionality, modern updates, and a desirable location.
IN-TOWN 2-UNIT! This charming New Englander style home has recently passed inspection with the City of Sanford Codes office. The first-floor unit boasts 3 bedrooms and 1 bath, while the second-floor unit offers 2 bedrooms, 1 bath, and additional space on the third floor. Each unit features its own convenient laundry area and comes fully equipped with appliances, including a stove and refrigerator. The property has been refreshed and is ready to go. Improvements include a new furnace, new flooring in the third-floor loft area, and much more. The property presents an exceptional opportunity to live in one unit while generating rental income from the other. With its prime location near town amenities, shopping, parks, and major roads, this property offers both comfortable living and great investment potential.
15 Shaw Street is an excellent investment and owner occupied opportunity. This property has 4 units with over $63,000 in annual revenue with only $8866 in annual expenses. The front unit features 2+ BR with french doors and lots of natural lighting. The building offers one 1 bedroom units and three 2 bedroom units with lots of room. Plenty of off street parking. 48 Hour notice to alert tenants is required
Conveniently located 2-Unit with double lot (buildable) and 1 car Garage, perfect for expansion and investment opportunities. Both units have undergone kitchen and bathroom upgrades. This spacious property features one 3 bedroom (Leasing for $2200/m) and a 4 bedroom (leasing for $2600) with two full bathrooms. Tenants pay their own utilities. This property has a large driveway and easy accessibility to all downtown amenities. Great Investment property or Owner Occupied options. Broker accompanied only showing Saturday, February 3 from 11-1pm
Conveniently located 4 unit with three 2 BD units and one 3 BD unit in walking distance to City Hall, downtown and Dunkin Donuts and directly adjacent to huge ball park and playground. Both first floor units have enclosed porches. Exterior work to be done including siding, deck and egress stairwells will be completed in 60 days or less. Great income from two units that are currently rented and 3rd & 4th units nicely renovated and ready for occupancy once exterior work is completed. Estimated rent for that unit is $1,450 per month.
The median home value in Sanford, ME is $369,500. This is lower than the county median home value of $425,900. The national median home value is $338,100. The average price of homes sold in Sanford, ME is $369,500. Approximately 60.79% of Sanford homes are owned, compared to 31.34% rented, while 7.87% are vacant. Sanford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sanford real estate agent to arrange a tour today!
Sanford, Maine has a population of 21,812. Sanford is more family-centric than the surrounding county with 28.91% of the households containing married families with children. The county average for households married with children is 27.9%.
The median household income in Sanford, Maine is $65,671. The median household income for the surrounding county is $73,856 compared to the national median of $69,021. The median age of people living in Sanford is 39.7 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 11.1 degrees. The average rainfall is approximately 49.9 inches per year, with 60.1 inches of snow per year.