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Listed by Tyler Stewart Elevate Maine Realty
$ 1,000,000
Est. payment /mo
Pending
93-99 & 98 Maine AVE Rumford, ME 04276
18 Baths
11,448 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 11,448 sqft
Price per Sqft $87
MLS Listing ID 1652654
Full Baths 18
HOA Y/N No
Year Built 1920
Tax Year 2025
Lot Size 0.560 Acres
Acres 0.56
Source Maine Listings
Land Area 11448
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.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Interior Entry, Full
Interior
Heating Oil, Propane, Baseboard
Cooling None
Flooring Tile, Vinyl, Wood
Exterior
Parking Features Common, 5 - 10 Spaces
Roof Type Flat
Garage No
Building
Lot Description Near Town, Level
Entry Level Multi-Level
Water Public
Architectural Style Other
Others
Tax ID 93MaineAvenueRumford04276
