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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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131 Penobscot St , Rumford, ME 04276
$199,900
Est. Payment: $444.22/mo
0 Bed
3 Bath
2016 Sqft
Status: Active | Days on site: 6
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2742 - 024408
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House Description

Income-property opportunity at 131 Penobscot Street in Rumford, currently configured as three residential units with 2 occupied apartments and a vacant upper unit. Public records report approximately 2,016 square feet, three bathrooms and about 0.16 acres. The building is served by municipal water and public sewer. The seller reports that the original clay sewer lateral was replaced with PVC approximately 20 years ago. Heat is provided by an oil-fired boiler with two approximately 275-gallon oil tanks that the seller estimates to be about 20 years old. Multiple electric domestic water heaters, three laundry hookups and four electrical panels were observed; exact utility allocation and metering require party verification. The main roof was reportedly replaced approximately five years ago. The front porch roof was not included in that work and currently shows evidence of leakage and interior water staining; the seller is evaluating repair. The seller has also observed a possible area of the newer main roof that may need attention. A former rear porch collapsed and was not rebuilt, and the associated exterior door remains secured. The property has a shared/common driveway; the seller reports that neighboring properties have rights to use it. The seller also reports that a sewer/plumbing service line serving a rear neighboring property passes through the cellar, so parties should review the deed, easement rights and maintenance responsibilities. The upper unit includes an exterior secondary exit and a bathroom sewage ejector/lift-pump system. The property is presently configured and used as three units, but municipal approval and legal three-unit status have not been independently verified. With one unit vacant and existing occupancy in the others, this property offers a path for an investor or owner-occupant to improve operations and rents over time. Parties should verify leases, income, permitted use, systems, parking, easements and condition as part of due diligence.

Highlights

Listed by Duncan Smith , 207-289-9589 EXP Realty , 888-439-8743.

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1920

County

Oxford

Listing ID

1675983

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Floor:Carpet,Wood
Above Ground Sq Ft:2016
Below Ground Sq Ft:0
Basement:Interior Entry,Brick/Mortar
Water:Public

Exterior Features

Lot:Intown,Neighborhood,Sidewalks
Zoning:None
Roof:Shingle
Sewer:Public Sewer
Parking Features:Gravel,1 - 4 Spaces
Principal Interest
$444
Taxes
$179

Home Price

$199,900

Loan Details

30 yrs
%

Down Payment

20%
$39,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$444.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $444.22 $178.58 $0.00 $622.81
Yearly $5,330.67 $2,143.00 $0.00 $7,473.67
Total $159,920.00 $64,290.00 $0.00 $224,210.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rumford, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.