Rumford, ME 04276,56 Spruce ST
Rumford, ME 04276,56 Spruce ST
Rumford, ME 04276,56 Spruce ST
Rumford, ME 04276,56 Spruce ST
Rumford, ME 04276,56 Spruce ST
Rumford, ME 04276,56 Spruce ST
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Listed by Amnet Realty
Bought with Hebert Realty Group

$245,000

$235,000

4.3%
Est.Price: ?

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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

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Maine MLS (MREIS) IDX
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Brownfield, ME, 04010, United States

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