15 Dunton Ln, Gorham, ME 04038

Investors AND owner occupiers should both take notice. 2005 Construction. Large clean units. Big, level country lot. Gorham Schools. Unit A, most recently rented at $1,300/month, is vacant and is currently undergoing a facelift. Will have new interior paint and new carpet in the bedrooms. Unit B has a quality tenant in place at $1,250/month. Each unit has laundry hook ups, a 2 zone furnace, a storage shed, private driveway, and it's own septic tank. Tenants pay their own utilities. No water/sewer bills due to well and septic. $30,600 gross income per year. Other than maintenance, the only expenses should be taxes and insurance. Let's talk numbers: At the list price, the FHA 30 year owner occupier payment with 3.5% down, MSHA overlay rate of 3.95% APR, and $1,200 in estimated insurance would be $2,061. After the rental income, an FHA/MSHA owner occupier could live for $811/month.