56 Spruce Street, Rumford, ME 04276 (MLS # 1570795)

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PRICE $245,000
BEDS 0
BATHS 5
HOME SIZE 3,336 sqft
LOT SIZE 7,406 sqft

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.

LAST UPDATED 11/14/2023 YEAR BUILT 1927
GARAGE SPACES 2.0 COUNTY Oxford
STATUS Closed PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
BASEMENT Full, Interior Entry, Walk-Out Access, Yes
CONSTRUCTION Vinyl Siding
GARAGE Yes
HEAT Baseboard, Hot Water
LOT 7405 sq ft
LOT DESCRIPTION Level
MLS STATUS Closed
PARKING Paved, Common, Detached, Off Street, On Street
SEWER Public Sewer
STYLE Multi-Level
TAXES 2231
WATER Public
Listing provided by Amnet Realty, sold by Hebert Realty Group

Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

Additional school data provided by Onboard Informatics © 2023 Onboard Informatics. Information deemed reliable but not guaranteed.

Mortgage Calculator provided by Diverse Solutions © 2023

IDX data provided by Market Leader, courtesy of Maine Listings.

This IDX solution is (c) Diverse Solutions 2023.


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