This is a great investment opportunity in a western Maine mill town. This building has 4-3 bedroom and 2-2 bedroom residential rental units and 1 - retail store front rental. The building currently is vacant with no rental history from the current owners. The 3rd floor units are 90% renovated, the 2nd floor units area 60% renovated including new windows, doors, carpet, paint, interior trim, plumbing, electrical, insulation, boiler and baseboard heat. The renovations have been halted due to a minor setback (small fire in basement) but it would not take much to get the renovations completed and get this investment up and running. Check out the estimated income and expense report and property disclosures #2265

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Basic Information

Documents Available Property Disclosure Public Access, Lead Paint Addendum Public Access, Deed Public Access, Other Public Access 1
Gross Income $107,712
Property Uses Other, Retail

Building

BasementBrick/Mortar, Full, Unfinished
Building ConstructionVinyl Siding, Brick, Masonry, Wood Frame
Commercial Bldg Information Ceiling Height 10
Commercial Bldg Information Gross Income $107,712
Commercial Bldg Information Operating Expenses $18,145
Commercial Bldg Information Retail Sq Ft 2,380
Commercial Bldg Information Total Units 7
FoundationGranite, Concrete Perimeter, Brick/Mortar
Garage Spaces
Units7
Year Built1926

Legal

ZoningCommercial

Other

Date Listed03/06/2023
View Count1

Tax Information

Tax Book Number 5539
Tax Lot240
Tax Map Number 113
Tax Year 2022
Taxes$2,617

Location

Address240 Waldo Street
Building Number240
CountyOxford
Latitude44.551079
Longitude-70.548141
StateME
StreetWaldo Street
TownRumford
Zip4276

Exterior

Exterior Brick, Vinyl Siding
RoofFlat, Membrane

Property Information

Acreage0.03
Lot Features Near Shopping, Ski Resort
Lot Size Square Feet 1,306
Lot Size Units Acres
Square Feet7,140

Photos

Number of Photos38

Parking

Parking SpacesOn Street

Basic Information

Agent ID019761
Broker ID1918
Broker NameRiverside Realty
List Price$425,000
LocationTypeDowntown, Near Shopping, Ski Resort
MLS Number1553381
Modification Date03/08/2023
Property SubTypeMixed Use

Interior

Flooring Carpet, Laminate, Wood
Interior Features 32 - 36 Inch Doors

Utilities

Electric Circuit Breakers
Heat SystemBaseboard, Hot Water, Zoned, Oil
Heating FuelOil
Heating YN Yes
Sewer Public Sewer
Water Source Public

Amenities

Mls StatusActive
Other AmenitiesBasement, Fireplace

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Your Questions & Comments I would like to schedule a viewing for (ID # 1553381)

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Your Questions & Comments I found a listing on "Coldwell Banker American Heritage Real Estate" which you may be interested in:

I used to be a licensed real estate agent many years ago in CT. I have been involved in a number of R.E. transactions over the past 35 years, from Florida to Maine. It takes a unique combination of talents to reach the level of expertise that Mr. Sloan has demonstrated consistently while assisting me with the purchase of 3 properties over the last 5 or so yeras. As a rule, I do not give written recommendations. This one is truly deserved.

Dave Wilson

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