Bought with Hebert Realty Group
$245,000
$235,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Baths
3,336 SqFt
SOLD DATE : 11/14/2023
Key Details
Sold Price $245,000
Property Type Multi-Family
Listing Status Sold
Square Footage 3,336 sqft
MLS Listing ID 1570795
Sold Date 11/14/23
Style Multi-Level
Full Baths 4
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,336
Originating Board Maine Listings
Year Built 1927
Annual Tax Amount $2,231
Tax Year 2022
Lot Size 7,405 Sqft
Acres 0.17
Property Description
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.
Location
State ME
County Oxford
Zoning None
Direction Rte 2 into Rumford at bottom of Falls Hill turn on to Prospect Ave. which turns into Spruce St. Apartment unit on right.
Rooms
Basement Full, Interior Entry, Walk-Out Access
Interior
Heating Multi-Zones, Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl
Exterior
Garage 1 - 4 Spaces, Paved, Common, Detached, Off Street, On Street
Garage Spaces 2.0
Waterfront No
View Y/N No
Roof Type Shingle
Street Surface Paved
Porch Porch
Parking Type 1 - 4 Spaces, Paved, Common, Detached, Off Street, On Street
Garage Yes
Exclusions Refrigerator in apartment #2 not include
Building
Lot Description Level, Intown, Near Shopping, Ski Resort
Sewer Public Sewer
Water Public
Architectural Style Multi-Level
Structure Type Vinyl Siding,Wood Frame
Schools
School District Rsu 10
Others
Energy Description Oil
Financing FHA
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "