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Rumford,ME 04276
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 31,818 sqft
Price per Sqft $69
MLS Listing ID 1638836
Style Other
Full Baths 30
Year Built 1900
Annual Tax Amount $15,985
Tax Year 2025
Lot Size 1.190 Acres
Property Description
Exceptional opportunity to acquire a 7-building, 40-unit portfolio in Rumford, located at 25 Falmouth Street, 48 Essex Avenue, and 209, 313, 318, 322, and 341 Waldo Street. The package consists of one 3-unit, one 5-unit, three 6-unit buildings, and two 7-unit buildings, with a diverse unit mix of (2) four-bedrooms, (22) three-bedrooms, (12) two-bedrooms, and (4) one-bedrooms. All properties are situated within a federally designated Opportunity Zone, offering potential tax advantages for investors. Currently operating at an 11.1% cap rate with only 3 vacancies, this portfolio provides immediate, turnkey cash flow along with long-term upside.
Location
State ME
County Oxford
Zoning Residential
Interior
Heating Forced Air,Baseboard
Cooling None
Flooring Wood,Vinyl,Tile
Exterior
Parking Features 21+ Spaces,Paved
View Y/N No
Roof Type Flat,Shingle
Building
Lot Description Near Town
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Asbestos,Wood Frame