Bought with Fontaine Family-The Real Estate Leader
$275,000
$265,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
5,460 SqFt
SOLD DATE : 06/18/2024
Key Details
Sold Price $275,000
Property Type Multi-Family
Listing Status Sold
Square Footage 5,460 sqft
MLS Listing ID 1587551
Sold Date 06/18/24
Style Other Style
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 5,460
Originating Board Maine Listings
Year Built 1900
Annual Tax Amount $2,883
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Description
This charming four-unit brick apartment building located in Rumford boasts strong cash flow, dependable long-term tenants, and abundant character both inside and out. Offering off-street parking for five vehicles and a front entry with a handicap ramp, the property features two spacious units on the main level and two on the second floor, each with its own private entrance. Inside, you'll find solid hardwood floors throughout most of the building, complemented by vinyl and plank flooring in the bathrooms. The kitchens vary slightly in design but all feature floor-to-ceiling cabinetry, washer and dryer hookups, and high ceilings. With large living rooms, dining areas, and three bedrooms per unit, some even offering a pantry and private hallway, the layout is both functional and inviting. Bright and generously sized rooms, most equipped with closets, ensure comfortable living spaces. The basement is cleaned out and in great order and houses a new heating system shared among the units, along with separate CMP meters for each unit and a common account. The property has undergone lead-based paint abatement and had its windows replaced around 2010, while the rubber membrane roof, installed in 2004, remains in great condition. A well-maintained investment opportunity, all apartments are currently leased with deposits, and tenants have been on site for years.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Brick/Mortar, Walk-Out Access, Full, Doghouse, Interior Entry, Unfinished
Interior
Interior Features 1st Floor Bedroom, One-Floor Living
Heating Multi-Zones, Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl
Laundry Laundry - 1st Floor, Upper Level, Main Level
Exterior
Garage 5 - 10 Spaces, Paved, On Site
Fence Fenced
Waterfront No
View Y/N No
Roof Type Membrane
Street Surface Paved
Accessibility Accessible Approach with Ramp
Porch Deck, Porch
Parking Type 5 - 10 Spaces, Paved, On Site
Garage No
Building
Lot Description Level, Open Lot, Sidewalks, Neighborhood
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other Style
Structure Type Brick,Other,Masonry
Others
Energy Description Oil
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