$1,000,000

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93-99 & 98 Maine Avenue, Rumford, ME, 04276

93-99 & 98 Maine Avenue, Rumford, ME, 04276
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18 Full baths

1920

Other

11,448 sqft

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.

Status:

Active

Type:

Multi-family

Units:

18

Zoning:

Residential

Heating:

Baseboard

Cooling:

None

Basement:

Interior, Full

Parking:

5 - 10 Spaces, Common

Acreage:

0.56

Est. Taxes:

$6,611

Construction

Asbestos, Wood Frame

Lot Description:

Level, Near Town

MLS #:

1638625

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Keller Williams Realty