BATHS18 full
SQUARE FEET12,798
MLS#1652555
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Turnkey 18-unit multifamily portfolio consisting of three stabilized 6-unit buildings located at 419, 421, and 425 Cumberland Street in Rumford. The portfolio features a desirable unit mix of 15 two-bedroom and 3 three-bedroom apartments, appealing to a broad tenant base. Properties are situated within a federally designated Opportunity Zone. With only one vacancy and strong in-place income, the portfolio delivers an attractive 11% cap rate and immediate cash flow. A rare opportunity to acquire scale in a single transaction with stable operations and long-term upside potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Entry, Unfinished
Basement: Yes
Heating: Oil, Baseboard
Home Style: New Englander
Lot Size: 0.36 Acres
Roof Type: Flat
Taxes: $2,617
Year Built: 1923
Feature Descriptions
Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Tile, Vinyl, Wood
Lot: Near Town, Level, Sidewalks
Parking: Common,1 - 4 Spaces
Sewer: Public Sewer
SQ FT Above Grade: 12798
SQ FT Below Grade: 0
Water: Public
Listed By / Shown By
Listed By
Agency Name: Elevate Maine Realty
Agent Name: Tyler Stewart
Agency Phone: 207-331-4565
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
TOUR THIS HOME
Choose a date and time to see 419-425 Cumberland Street, Rumford, ME 04276.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 2,936.70 per month $2,403.61 Principal & Interest $218.08 Property Tax $315.00 Homeowner's Insurance
419-425 Cumberland Street | MLS# 1652555
This multi-family property located at 419-425 Cumberland Street, Rumford, ME 04276 is currently listed for sale with an asking price of $1,080,000. Search Rumford real estate on www.masiellogrouprealestate.com today.