Introducing a lucrative investment opportunity - a meticulously maintained 4-unit apartment building with a unique twist. This property boasts three spacious 2-bedroom units on the upper floors, catering to tenants seeking comfortable living spaces. However, what sets this property apart is its versatile basement unit. Originally used as a commercial hair salon, this space includes 2 bedrooms and 2.5 bathrooms, offering the potential for a seamless return to commercial use if desired.
Recent updates contribute to the property's appeal, with a brand-new roof installed in July 2023, ensuring durability and minimizing maintenance costs. A Buderus hot water furnace provides reliable heating for all units, enhancing tenant satisfaction and reducing operational concerns.
Notably, this building is fully occupied, generating a positive cash flow for the discerning investor. Its history of proper care and maintenance speaks to its longevity and continued profitability. Whether you're seeking an income-generating asset or contemplating the advantages of commercial use, this property offers both, making it a standout opportunity in the market. Don't miss the chance to seize this prime investment that combines stability with potential for growth.
Closed
$245,000
56 Spruce Street, Rumford, ME 04276
8beds
3,336sqft
Multi Family
Built in 1927
-- sqft lot
$301,300 Zestimate®
$73/sqft
$1,481 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 26, 2025 at 01:44pm
Listed by:
Amnet Realty
Bought with:
Hebert Realty Group
Amnet Realty
Source: Maine Listings,MLS#: 1570795
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Walk-Out Access,Full
Interior area
- Total structure area: 3,336
- Total interior livable area: 3,336 sqft
- Finished area above ground: 3,336
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Common, Paved, 1 - 4 Spaces, Off Street, On Street, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
- Patio & porch: Porch
Lot
- Size: 7,405 sqft
- Features: City Lot, Near Shopping, Ski Resort, Level
Details
- Additional structures: Outbuilding
- Parcel number: RUMFM117L024
- Zoning: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1927
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Rumford
Other
Other facts
- Road surface type: Paved