7 Various Addresses

Rumford, ME 04276
Baths
30
Square Ft.
31,818
$2,225,000
Exceptional opportunity to acquire a 7-building, 40-unit portfolio in Rumford, located at 25 Falmouth Street, 48 Essex Avenue, and 209, 313, 318, 322, and 341 Waldo Street. The package consists of one 3-unit, one 5-unit, three 6-unit buildings, and two 7-unit buildings, with a diverse unit mix of (2) four-bedrooms, (22) three-bedrooms, (12) two-bedrooms, and (4) one-bedrooms. All properties are situated within a federally designated Opportunity Zone, offering potential tax advantages for investors. Currently operating at an 11.1% cap rate with only 3 vacancies, this portfolio provides immediate, turnkey cash flow along with long-term upside.
Market LogoCourtesy of Keller Williams Realty 207-879-9800
Listing Snapshot
Days Online
1
Last Updated
Full Baths
30
Square Ft.
31,818
Lot Size
1.19 Acres
Year Built
1900
MLS Number
1638836
Additional Details
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 31,818, Construction Materials: "Vinyl Siding", "Asbestos", "Wood Frame", Number Of Units Total: 40, Year Built: 1900
Cooling
Cooling: "None"
Expenses
Operating Expense: $213,071
Floors
Flooring: "Wood", "Vinyl", "Tile"
Heating
Heating: "Forced Air", "Baseboard", Heating Included
Income
Gross Income: $460,044
Lot
Features: "Near Town", 1.19 acres, Area: 1.19, 51,836 square feet
Parking
Features: "21+ Spaces", "Paved"
Property
Parcel Number: RUMF-000113-000000-000203, Zoning: Residential
Roof
Roof: "Flat", "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $15,985, Tax Lot: Various
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04276
$197k
-4%
(avg) sold price
6
+20%
homes sold
14
-75%
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Fred Andrews
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.