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MULTI_FAMILY - Rumford, ME
Exceptional opportunity to acquire a 7-building, 40-unit portfolio in Rumford, located at 25 Falmouth Street, 48 Essex Avenue, and 209, 313, 318, 322, and 341 Waldo Street. The package consists of one 3-unit, one 5-unit, three 6-unit buildings, and two 7-unit buildings, with a diverse unit mix of (2) four-bedrooms, (22) three-bedrooms, (12) two-bedrooms, and (4) one-bedrooms. All properties are situated within a federally designated Opportunity Zone, offering potential tax advantages for investors. Currently operating at an 11.1% cap rate with only 3 vacancies, this portfolio provides immediate, turnkey cash flow along with long-term upside.
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