93-99 & 98 Maine AVE Active Save Request In-Person Tour Request Virtual Tour
Rumford,ME 04276
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 11,448 sqft
Price per Sqft $87
MLS Listing ID 1638625
Style Other
Full Baths 18
Year Built 1920
Annual Tax Amount $6,611
Tax Year 2025
Lot Size 0.560 Acres
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 6 one-bedrooms, 6 two-bedrooms, and 6 three-bedrooms. With just two vacancies, the properties are currently producing a 9.65% cap rate, with projected upside exceeding 14% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.
Location
State ME
County Oxford
Zoning Residential
Interior
Heating Baseboard
Cooling None
Flooring Wood,Vinyl,Tile
Exterior
Parking Features 5 - 10 Spaces,Common
View Y/N No
Roof Type Flat
Building
Lot Description Level,Near Town
Sewer Public Sewer
Water Public
Structure Type Asbestos,Wood Frame