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Adam Dow

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

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939998 93-99 & 98 Maine Ave , Rumford, ME 04276
$1,000,000
Est. Payment: $2,222.22/mo
0 Bed
18 Bath
11448 Sqft
Status: Pending | Days on site: 65
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3572 - 022093
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House Description

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 six one-bedrooms, six two-bedrooms, and six three-bedrooms. The 93-99 Maine Avenue property features two new boilers. With just one vacancy, the properties are currently producing a 9.3% cap rate, with projected upside exceeding 13% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.

Highlights

Listed by Tyler Stewart , 207-213-7644 Elevate Maine Realty , 207-331-4565.

Property Type

Multi-Family

Lot/Acreage
0.56

Year Built

1920

County

Oxford

Listing ID

1652654

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:18
  • Full Bathrooms:18
Floor:Tile,Vinyl,Wood
Above Ground Sq Ft:11448
Below Ground Sq Ft:0
Basement:Interior Entry,Full
Water:Public

Exterior Features

Lot:Near Town,Level
Zoning:Residential
Roof:Flat
Sewer:Public Sewer
Parking Features:Common,5 - 10 Spaces
Principal Interest
$2,222
Taxes
$551

Home Price

$1,000,000

Loan Details

30 yrs
%

Down Payment

20%
$200,000
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Monthly Price:
$2,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,222.22 $550.95 $0.00 $2,773.18
Yearly $26,666.67 $6,611.44 $0.00 $33,278.11
Total $800,000.00 $198,343.20 $0.00 $998,343.20

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.