BATHS6 full
SQUARE FEET4,680
MLS#1653046
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Six-unit multifamily on Cumberland Street offering significant upside through filling vacancies. While the property is currently 50% vacant, all units are rent-ready and positioned for immediate occupancy. The property features separate electric and a functional layout that supports straightforward management. Once fully leased, the projected stabilized cap rate is over 18%, presenting a strong return profile for investors focused on cash flow and value creation.With units ready to be placed and clear income upside through stabilization, this asset offers a defined path to improved performance in a proven rental market. Financials available upon request.
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Entry
Heating: Baseboard
Home Style: Other
Lot Size: 0.14 Acres
Roof Type: Flat
Taxes: $2,611
Year Built: 1925
Feature Descriptions
Electric: Circuit Breakers
Flooring: Tile, Vinyl
Sewer: Public Sewer
SQ FT Above Grade: 4680
SQ FT Below Grade: 0
Water: Public
Listed By / Shown By
Listed By
Agency Name: Elevate Maine Realty
Agency Phone: 207-203-9022
Agent Name: Tyler Stewart
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 972.75 per month $667.67 Principal & Interest $217.58 Property Tax $87.50 Homeowner's Insurance
325 Cumberland Street | MLS# 1653046
This multi-family property located at 325 Cumberland Street , Rumford, ME 04276 is currently listed for sale with an asking price of $300,000. Search Rumford real estate on www.masiellogrouprealestate.com today.