Bought with Dan Anderson Real Estate, Inc.
$110,000
For more information regarding the value of a property, please contact us for a free consultation.
624 (622) Prospect AVE Rumford, ME 04276
2 Baths
2,660 SqFt
Key Details
Sold Price $110,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,660 sqft
MLS Listing ID 1612374
Sold Date 04/30/25
Style Other
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,660
Year Built 1900
Annual Tax Amount $2,719
Tax Year 2023
Lot Size 0.260 Acres
Acres 0.26
Source Maine Listings
Property Description
-New roof 2022
-New boiler 2022
-New chimney liner 2022
-New oil tank 2022
Unlock the potential of this spacious multi-unit property located in the heart of Rumford. This 7-bedroom, 2-bathroom, 2660sq ft building is ready for the right investor to bring it back to life. Additional parking area owned off Luxton Ave.
Property Highlights:
Unit 1: Features 3 bedrooms, offering excellent rental income potential.
Unit 2: Includes 4 bedrooms, perfect for a family or roommates.
One bathroom is handicap accessible, increasing the building's appeal to a wider tenant base.
Prime opportunity for a value-add rehab project to maximize ROI.
Why Invest Here? This property is ideal for seasoned investors or those ready to jump into the lucrative world of real estate. With some TLC and updates, this building can become a high-yield rental property in a growing rental market. Rumford offers a blend of charm, community, and outdoor recreation, attracting tenants and buyers alike.
💰 Don't miss out! Contact us today for more details or to schedule a showing. Let's turn this diamond in the rough into a gem that generates lasting returns!
Location
State ME
County Oxford
Zoning Res
Rooms
Basement Interior, Full, Unfinished
Interior
Interior Features Attic, Bathtub, Other
Heating Baseboard
Cooling None
Flooring Wood, Carpet
Exterior
Parking Features 5 - 10 Spaces, Paved, Off Site, On Site
Utilities Available 1
View Y/N Yes
View Mountain(s)
Roof Type Shingle
Street Surface Paved
Accessibility Roll-in Shower
Porch Porch
Garage No
Building
Lot Description Rolling/Sloping, Neighborhood
Story 2
Foundation Block, Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Clapboard,Asbestos,Other
Others
Restrictions Unknown
Energy Description Oil
Read Less
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