325 Waldo Street
Property Description
Welcome to 325 Waldo Street in Rumford! This 8-unit investment property features a desirable mix of four 2-bedroom apartments and four 1-bedroom apartments, offering diversified rental income in a convenient in-town location. Tenants enjoy easy access to shopping, restaurants, and everyday amenities just a few blocks away. The property also features front and rear porches, a spacious 2-car garage, and a second-floor storage area above the garage, providing additional utility and storage potential. Generating $89,100 in annual income with reported annual expenses of $22,441, the property produces a net operating income (NOI) of $66,659. A compelling opportunity for investors looking to expand their portfolio with an established multi-unit property in the heart of Rumford.
Broker Details
Fontaine Family - The Real Estate Leader (207) 784-3800
MLS ID: 005860
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $400,000 |
| No. of Units: | 8 |
| Year Built: | 1905 |
| Lot Size: | 2,938.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $50,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 8 |
ID: 3yd-MREISME-1686121
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