Listing Provided by:
Elevate Maine Realty
Phone: 207-331-4565
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.
Listed By
Broker Name: Elevate Maine Realty
Broker Phone: 207-331-4565
Shown By
Broker Title: Badger Peabody & Smith Realty
Broker Phone: (603) 823-5700 (Corporate Office)
Estimated Payment
$ 5,742.34 per month $4,899.75 Principal & Interest $550.92 Property Tax $291.67 Homeowner's InsuranceSource: Delta Media Group, Inc.
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93-99 & 98 Maine Avenue, Rumford, ME 04276.
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