A duplex in Sanford, Maine, near downtown and shopping, is a smart investment. The location offers convenience, with easy access to amenities that attract tenants. Renting out both units provides a steady income, helping to cover costs and build equity.
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 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 $308,800. 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 $308,800. 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 04073 has a population of 21,812. Sanford 04073 is less family-centric than the surrounding county with 27.61% 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 04073 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 04073 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.