$265,000

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220 Hancock Street, Rumford, ME, 04276

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4 Full baths

1900

Other Style

5,460 sqft

This charming four-unit brick apartment building located in Rumford boasts strong cash flow, dependable long-term tenants, and abundant character both inside and out. Offering off-street parking for five vehicles and a front entry with a handicap ramp, the property features two spacious units on the main level and two on the second floor, each with its own private entrance. Inside, you'll find solid hardwood floors throughout most of the building, complemented by vinyl and plank flooring in the bathrooms. The kitchens vary slightly in design but all feature floor-to-ceiling cabinetry, washer and dryer hookups, and high ceilings. With large living rooms, dining areas, and three bedrooms per unit, some even offering a pantry and private hallway, the layout is both functional and inviting. Bright and generously sized rooms, most equipped with closets, ensure comfortable living spaces. The basement is cleaned out and in great order and houses a new heating system shared among the units, along with separate CMP meters for each unit and a common account. The property has undergone lead-based paint abatement and had its windows replaced around 2010, while the rubber membrane roof, installed in 2004, remains in great condition. A well-maintained investment opportunity, all apartments are currently leased with deposits, and tenants have been on site for years.

Status:

Active

Type:

Multi-family

Laundry Remarks:

Laundry - 1st Floor, Upper Level, Main Level

Units:

Zoning:

Residential

Heating:

Multi-Zones, Hot Water, Baseboard

Cooling:

None

Energy Features:

Programmable Thermostat, Double Pane Windows

Basement:

Brick/Mortar, Walk-Out Access, Full, Doghouse, Interior Entry, Unfinished

Parking:

5 - 10 Spaces, Paved, On Site

Acreage:

0.2

Est. Taxes:

$2,883

Construction

Brick, Other, Masonry

Utilities

Utilities On

Lot Description:

Level, Open Lot, Sidewalks, Neighborhood

Amenities:

1st Floor Bedroom, One-Floor Living

MLS #:

1587551

Community Info

School Info

Walk Score

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Listing courtesy of Deiulio Realty Group Inc.

$265,000

220 Hancock Street, Rumford, ME, 04276

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