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About the Listing 3572 - 022093
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.
Listing Highlights
Status
Active
Days on Site
15
Property Type
Multi-Family
MLS ®
1652654
Year Built
1920
Total Square Footage
11,448
Lot/Acreage
0.56
County
Oxford
Interior Details
- Bedrooms: 0
- Bathrooms: 18 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 11448
- Below Ground Sq Ft: 0
- Basement: Interior,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Near Town
- Garage Capacity: N/A
- Zoning: Residential
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Common
Financial Details
- Tax Amount: $6,611
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
93-99 & 98 Maine Ave Rumford, ME 04276
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