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Listed by Keller Williams Realty
$ 300,000
New
48 Essex AVE Rumford, ME 04276
5 Baths
3,348 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 3,348 sqft
MLS Listing ID 1647514
Style Other
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 3,348
Year Built 1923
Annual Tax Amount $1,891
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Source Maine Listings
Land Area 3348
Property Description
Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 11.6% cap rate, providing solid cash flow from day one.
Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old.
A well-maintained, turnkey investment with proven performance and strong fundamentals.
Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old.
A well-maintained, turnkey investment with proven performance and strong fundamentals.
Location
State ME
County Oxford
Zoning Res
Rooms
Basement Interior, Full, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Parking Features 1 - 4 Spaces, Common
View Y/N No
Roof Type Flat
Garage No
Garage No
Building
Lot Description Level, Near Town
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil
