BATHS18 full
SQUARE FEET11,448
MLS#1652654
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare investment package offering 18 total units across two properties located directly across the street from one another in Rumford. The portfolio includes a 12-unit at 93-99 Maine Avenue and a 6-unit at 98 Maine Avenue, with a desirable mix of six one-bedrooms, six two-bedrooms, and six three-bedrooms. The 93-99 Maine Avenue property features two new boilers. With just one vacancy, the properties are currently producing a 9.3% cap rate, with projected upside exceeding 13% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Entry
Heating: Baseboard
Home Style: Other
Lot Size: 0.56 Acres
Roof Type: Flat
Taxes: $6,611
Year Built: 1920
Feature Descriptions
Electric: Circuit Breakers
Flooring: Tile, Vinyl, Wood
Sewer: Public Sewer
SQ FT Above Grade: 11448
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
$ 3,068.15 per month $2,225.57 Principal & Interest $550.92 Property Tax $291.67 Homeowner's Insurance
93-99 & 98 Maine Avenue | MLS# 1652654
This multi-family property located at 93-99 & 98 Maine Avenue , Rumford, ME 04276 is currently listed for sale with an asking price of $1,000,000. Search Rumford real estate on www.masiellogrouprealestate.com today.