BATHS4 full
SQUARE FEET3,564
MLS#1652668
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Fully occupied 4-unit multifamily offering spacious layouts and exceptional in-place returns. The property features three large three-bedroom units and one one-bedroom unit, providing a highly desirable unit mix with broad tenant appeal. Currently producing a 13% cap rate, the asset delivers immediate, stable cash flow with additional upside potential through future rent growth and operational efficiencies. A rare opportunity to acquire a high-yield, fully occupied property with strong long-term investment fundamentals.
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Entry
Garage: 2
Heating: Baseboard
Home Style: Dutch Colonial
Lot Size: 0.12 Acres
Roof Type: Shingle
Taxes: $2,585
Year Built: 1923
Feature Descriptions
Electric: Circuit Breakers
Flooring: Tile, Vinyl, Wood
Sewer: Public Sewer
SQ FT Above Grade: 3564
SQ FT Below Grade: 0
Water: Public
Listed By / Shown By
Listed By
Agency Name: Elevate Maine Realty
Agency Phone: 207-203-9022
Agent Name: Tyler Stewart
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 781.79 per month $500.75 Principal & Interest $215.42 Property Tax $65.63 Homeowner's Insurance
154 Essex Avenue | MLS# 1652668
This multi-family property located at 154 Essex Avenue , Rumford, ME 04276 is currently listed for sale with an asking price of $225,000. Search Rumford real estate on www.masiellogrouprealestate.com today.