25 Maine Avenue

Rumford, ME 04276

MLS ID# 1585247 Active

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$300,000

4200 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

Description

Introducing this large, 6-unit multi-family property in the heart of Rumford! At a 15.2% stabilized cap rate, 25 Maine has both rental income and value-add avenues. With two unfinished units, the opportunity presents to bring your vision and add your finishing touches! The two 2-bedroom and four 3-bedroom units boast an abundance of natural light. Conveniently located in town, this property promotes accessibility and convenience to shopping, schools, and other public amenities. Introducing this large, 6-unit multi-family property in the heart of Rumford! At a 15.2% stabilized cap rate, 25 Maine has both rental income and value-add avenues. With two unfinished units, the opportunity presents to bring your vision and add you... show more

Location Information

• Street # 25
• Street Name Maine
• Street Type Avenue
• County Oxford
• Town Rumford
• State/Province ME
• Zip Code 04276
• Zip +4 1949
• Leased Land No
• Book 5717
• Page 163-164
• Map 117
• Lot 245
• Zoning Residential
• Zoning Overlay Unknown
• Tax ID RUMF-000117-000000-000245
• Association No
• Full Tax Amount 2422
• Tax Year 2022

Property Information

• Surveyed Unknown
• Seasonal No
• Owner Occupied No
• Short Sale Continue to Show No
• Deed/Conveyance Type Offered Warranty
• Deed All
• Deed Restrictions Unknown
• Number of Units 6
• Total Baths 6
• Total Full Baths 6
• Total Half Baths 0
• Year Built 1910
• SqFt Finished Above Grade 4200
• SqFt Finished Below Grade 0
• SqFt Finished Total 4200
• SqFt Source Public Records
• Garage No
• Lot Size Acres +/- 0.08
• Source of Acreage Public Records

Compensation & Misc Info

• Buyer Agency 2%

Directions

GPS Friendly

Details

• Site

  Level

• Roads

  Public

• Water Info

  No Water Frontage, No Water View

• Income & Expenses

  Gross Income:77759.4, Operating Expenses:33961.47

• Units

  # of 1 BD Units:0, # of 2 BD Units:2, # of 3 BD Units:4, # of 4+ BD Units:0

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:1395, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:First, Security Deposit, Monthly Rent:1250, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:Second, No Security Deposit, Monthly Rent:1068, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  No Lease, Level:Second, No Security Deposit, Monthly Rent:0, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 5

  No Lease, Level:Third, No Security Deposit, Monthly Rent:0, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 6

  No Lease, Level:Third, No Security Deposit, Monthly Rent:0, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  Multi-Level

• Construction

  Wood Frame

• Basement

  Full, Unfinished

• Basement Entry

  Interior

• Exterior

  Asbestos

• Roof

  Metal

• Heat System

  Baseboard, Hot Water

• Heat Fuel

  Oil

• Water Heater

  Off Heating System

• Cooling

  None

• Floors

  Tile, Vinyl, Wood

• Driveway

  No Driveway

• Parking

  On Street

• Vehicle Storage

  No Vehicle Storage

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Unknown

• Sewer

  Public Sewer

• Water

  Public