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Listed by Keller Williams Realty
$ 2,225,000
New
7 Various Addresses Rumford, ME 04276
30 Baths
31,818 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 31,818 sqft
MLS Listing ID 1638836
Style Other
Full Baths 30
HOA Y/N No
Abv Grd Liv Area 31,818
Year Built 1900
Annual Tax Amount $15,985
Tax Year 2025
Lot Size 1.190 Acres
Acres 1.19
Source Maine Listings
Land Area 31818
Property Description
Exceptional opportunity to acquire a 7-building, 40-unit portfolio in Rumford, located at 25 Falmouth Street, 48 Essex Avenue, and 209, 313, 318, 322, and 341 Waldo Street. The package consists of one 3-unit, one 5-unit, three 6-unit buildings, and two 7-unit buildings, with a diverse unit mix of (2) four-bedrooms, (22) three-bedrooms, (12) two-bedrooms, and (4) one-bedrooms. All properties are situated within a federally designated Opportunity Zone, offering potential tax advantages for investors. Currently operating at an 11.1% cap rate with only 3 vacancies, this portfolio provides immediate, turnkey cash flow along with long-term upside.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Interior, Unfinished
Interior
Heating Forced Air, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Parking Features 21+ Spaces, Paved
View Y/N No
Roof Type Flat,Shingle
Garage No
Garage No
Building
Lot Description Near Town
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Asbestos,Wood Frame
Others
Restrictions Unknown
Energy Description Propane, Oil
