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

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For Sale

$1,000,000

18 baths • 11,448 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $87.35
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 1638625

Courtesy Of Keller Williams Realty
Keller Williams Realty, Portland, ME 04102
(207) 879-9800

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Exterior Type
    Asbestos
  • Floor Covering
    Vinyl, Wood, Tile
  • Heating System
    Baseboard
  • Lot Size
    0.56 Acres
  • Rooms
    Basement

Map and Directions

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

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.