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48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo
48 Essex Avenue, Rumford, ME 04276 Photo

6 Total Photos [Click to View All]

  • Listing Provided by:
    Elevate Maine Realty
    Phone: 207-331-4565 IDX logo

  • 5
    Baths
  • 3,348
    Square Feet
  • 1652592
    MLS#
$300,000
Status: Under Contract
48 Essex Avenue Rumford, ME 04276

Property Description

Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 10.5% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.

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Property Features

MLS Number: 1652592
Subdivision:
County: Oxford
Bedrooms: 0
Total Square Feet: 3,348
Style: Other
New Constuction: No
Construction: Wood Frame,Vinyl Siding
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Interior Entry, Full, Unfinished
Basement: Yes
Heating: Oil, Baseboard, Hot Water
Lot Size: 0.15 Acres
Roof Type: Flat
Taxes: $2,131
Year Built: 1923

Feature Descriptions

Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Tile, Vinyl, Wood
Home Style: Other
Lot: Near Town, Level
Parking: Common,1 - 4 Spaces
Sewer: Public Sewer
SQ FT Above Grade: 3348
SQ FT Below Grade: 0
Water: Public

Location

Listed By / Shown By

Listed By

Broker Name: Elevate Maine Realty
Broker Phone: 207-331-4565

IDX logo

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Estimated Payment

$ 1,735.01 per month $1,469.93 Principal & Interest $177.58 Property Tax $87.50 Homeowner's Insurance

Source: Delta Media Group, Inc.

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(Payments are an estimate and may vary by lender)

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