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93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo
93-99 & 98 Maine Avenue, Rumford, ME 04276 Photo

6 Total Photos [Click to View All]

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

  • 18
    Baths
  • 11,448
    Square Feet
  • 1652654
    MLS#
$1,000,000
Status: Under Contract
93-99 & 98 Maine Avenue Rumford, ME 04276

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.

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Property Features

MLS Number: 1652654
Subdivision:
County: Oxford
Bedrooms: 0
Total Square Feet: 11,448
Style: Other
New Constuction: No
Construction: Wood Frame,Asbestos
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Interior Entry, Full
Basement: Yes
Heating: Oil, Propane, Baseboard
Lot Size: 0.56 Acres
Roof Type: Flat
Taxes: $6,611
Year Built: 1920

Feature Descriptions

Electric: Circuit Breakers
Exterior: Wood Frame, Asbestos
Flooring: Tile, Vinyl, Wood
Home Style: Other
Lot: Near Town, Level
Parking: Common,5 - 10 Spaces
Sewer: Public Sewer
SQ FT Above Grade: 11448
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

$ 5,742.34 per month $4,899.75 Principal & Interest $550.92 Property Tax $291.67 Homeowner's Insurance

Source: Delta Media Group, Inc.

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