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  • $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

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    $1,481/mo

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    $1,481/mo

    Rent Zestimate®

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    $1,258/mo

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    $1,258/mo

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    What's special

    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.

    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#: 1570795MLS Logo

    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