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Listed by Tyler Stewart Elevate Maine Realty
$ 300,000
Est. payment /mo
Pending
48 Essex AVE Rumford, ME 04276
5 Baths
3,348 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,348 sqft
Price per Sqft $89
MLS Listing ID 1652592
Full Baths 5
HOA Y/N No
Year Built 1923
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Source Maine Listings
Land Area 3348
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.
Location
State ME
County Oxford
Zoning Res
Rooms
Basement Interior Entry, Full, Unfinished
Interior
Heating Oil, Baseboard, Hot Water
Cooling None
Flooring Tile, Vinyl, Wood
Exterior
Parking Features Common, 1 - 4 Spaces
Roof Type Flat
Garage No
Building
Lot Description Near Town, Level
Entry Level Multi-Level
Water Public
Architectural Style Other
Others
Tax ID RUMF-000113-000000-000322
