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 6 one-bedrooms, 6 two-bedrooms, and 6 three-bedrooms. With just two vacancies, the properties are currently producing a 9.65% cap rate, with projected upside exceeding 14% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.
Active
$1,000,000
93-99 & 98 Maine Avenue, Rumford, ME 04276
36beds
11,448sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$87/sqft
$-- HOA
What's special
- 14 days |
- 134 |
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