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About the Listing 1898 - 022093
Well-maintained 6-unit multifamily consisting of six (6) 3-bedroom apartments, all fully occupied and generating consistent rental income. The larger unit layout supports strong tenant demand and long-term stability. The property has benefited from recent improvements, including a flat roof approximately five years old, a new water heater, and electrical upgrades with all knob-and-tube wiring removed, enhancing safety and reducing near-term maintenance concerns. Currently operating at an 11.5% cap rate with below market rents, this offering presents an excellent opportunity for investors seeking a stabilized, income-producing asset with major systems already addressed.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
1646834
Year Built
1923
Total Square Footage
5,070
Lot/Acreage
0.16
County
Oxford
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5070
- Below Ground Sq Ft: 0
- Basement: Interior,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Intown
- Garage Capacity: N/A
- Zoning: Res
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Concrete
Financial Details
- Tax Amount: $2,475
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
25 Falmouth St Rumford, ME 04276
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