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Hotel Harris 25 Hartford St 38 Unit Apartment Building $1,275,000 ($33,553/Unit) 9.26% Cap Rate Rumford, ME 04276
Executive Summary
Excellent opportunity to purchase this brick Rumford Maine trophy property known as the “Hotel Harris”. Built in 1906 this 26,572 +/- SF mixed use building offers (2) commercial retail units (restaurant + beauty salon) & 36 apartments (22) 1 bedrooms + (14) studios offering upside through raising rents! This western ME gem is home to Black Mountain - 30 minutes to Sunday River - 55 Min to saddleback and hour and half to Portland. Please don’t miss the opportunity to own a historic property in one of the last areas in Maine that still offers lots of upside!
Property Facts
| Price | $1,275,000 | Building Class | B |
| Price Per Unit | $33,553 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 26,572 SF |
| Cap Rate | 9.26% | Average Occupancy | 95% |
| No. Units | 38 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | COMMER | ||
| Price | $1,275,000 |
| Price Per Unit | $33,553 |
| Sale Type | Investment |
| Cap Rate | 9.26% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 26,572 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built | 1906 |
| Opportunity Zone |
Yes |
| Zoning | COMMER |
Amenities
Unit Amenities
- Microwave
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- On-Site Retail
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 30 | - | - |
1 1
Property Taxes
| Parcel Number | RUMF-000117-000000-000287 | Improvements Assessment | $806,000 |
| Land Assessment | $32,500 | Total Assessment | $838,500 |
Property Taxes
Parcel Number
RUMF-000117-000000-000287
Land Assessment
$32,500
Improvements Assessment
$806,000
Total Assessment
$838,500
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Hotel Harris | 25 Hartford St
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