Real Deals on Real Estate

The US Treasury Department just sold this Multi-Family home in Sanford, Maine (ME) for $88,000. What a steal!

Here are the details:
Address: 177 Lebanon Street, Sanford, Maine 04073
Parcel No: MAP R-8, Lot 28
2006 Annual Taxes: $2,581.28 +/- a year
Age: 82 years
Zoning: DR/Dense Residential
Total Living Space: 984 +/- sq. ft. on each level
Total Site Area: 0.46 +/- acre
County: York

This was a two level duplex with two 984 sq. ft. apartments -- one on each level. Each apartment came with 2 bedrooms, 1 bath, a kitchen, dining area, and living room. The general property also included a 960 sq. ft. basement, wrap-around porches, and an attached 2 level garage, and was conveniently located in close proximity to schools, employment, and shopping in the area. What's more is that the property was vacant and rental incomes for each apartment are approx. $800 per month in the area. Now, $1600 in rental income here would easily have paid your mortgage . . . and so in the end, this house could have been yours for free. Get it? Get on it!

Labels: auction, homes, houses, Maine, ME, multi-family, real estate, Sanford