Rumford
$199,900
131 Penobscot Street
mls: 1675983
Bathrooms: 3
Year Built: 1920
Sq Footage: 2,016
Lot Size: 0.16
Taxes: $2,143
Status: Active

Income-property opportunity at 131 Penobscot Street in Rumford, currently configured as three residential units with 2 occupied apartments and a vacant upper unit.

Listed by: EXP Realty

Income-property opportunity at 131 Penobscot Street in Rumford, currently configured as three residential units with 2 occupied apartments and a vacant upper unit. Public records report approximately 2,016 square feet, three bathrooms and about 0.16 acres. The building is served by municipal water and public sewer. The seller reports that the original clay sewer lateral was replaced with PVC approximately 20 years ago. Heat is provided by an oil-fired boiler with two approximately 275-gallon oil tanks that the seller estimates to be about 20 years old. Multiple electric domestic water heaters, three laundry hookups and four electrical panels were observed; exact utility allocation and metering require party verification. The main roof was reportedly replaced approximately five years ago. The front porch roof was not included in that work and currently shows evidence of leakage and interior water staining; the seller is evaluating repair. The seller has also observed a possible area of the newer main roof that may need attention. A former rear porch collapsed and was not rebuilt, and the associated exterior door remains secured. The property has a shared/common driveway; the seller reports that neighboring properties have rights to use it. The seller also reports that a sewer/plumbing service line serving a rear neighboring property passes through the cellar, so parties should review the deed, easement rights and maintenance responsibilities. The upper unit includes an exterior secondary exit and a bathroom sewage ejector/lift-pump system. The property is presently configured and used as three units, but municipal approval and legal three-unit status have not been independently verified. With one unit vacant and existing occupancy in the others, this property offers a path for an investor or owner-occupant to improve operations and rents over time. Parties should verify leases, income, permitted use, systems, parking, easements and condition as part of due diligence.

Listed by: EXP Realty

Above Grade Finished Area
2016.00
Accessibility Features
Appliances
Architectural Style
New Englander
Basement
Interior Entry, Brick/Mortar
Bathrooms Full
3
Bathrooms Total Integer
3
Below Grade Finished Area
0.00
Body Type
Building Area Total
2016.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
None
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Wood
Foundation Details
Green Energy Efficient
Heating
Oil, Baseboard
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Intown, Neighborhood, Sidewalks
Lot Size Acres
0.1600
Other Equipment
Other Structures
Parking Features
Gravel, 1 - 4 Spaces
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
2143.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1920
Zoning
None