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
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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