About the Listing 1059 - 014711

Here's your chance to get your foot in the door of home ownership or add a cash-flowing investment to your portfolio. This classic over-under duplex is priced at $300,000 and offers solid rental income now with the opportunity for growth with the right updates and TLC. The upper unit is a comfortable 2-bedroom currently occupied by long-term tenants, providing steady rental income from day one. The lower unit is a spacious 3-bedroom/1-bath, ready for you to rent out, modernize, or occupy yourself. With monthly income potential of $2,700 when both units are rented, this is an equity magnet waiting for someone who loves sweat equity. Whether you're an investor or someone looking to owner-occupy with rental income helping cover your mortgage, this property delivers flexibility and opportunity. Imagine living in one unit and letting rent from the other help with your payment, or bringing both units up to date to maximize your return. There's one-car garage space included that needs some work. You can renovate it for use, remove it entirely, or explore options for additional development depending on municipal approvals. With Maine's evolving housing landscape, creative buyers are thinking about how to maximize every corner of their property. Bonus info on Maine housing rules: New statewide housing legislation requires that municipalities allow accessory dwelling units and makes it easier to add additional housing units on residential lots, and also eases zoning barriers for multifamily development. This means buyers thinking about adding an ADU or exploring expanded use of their land have more support under current state law than in the past. Buyers should always confirm local zoning and permitting requirements with Sanford's planning office to see what's possible here. 8% cap rate

Listing Highlights