BATHS7 full
SQUARE FEET4,368
MLS#1652664
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (4) three-bedroom units and (3) two-bedroom units. The property includes one rent-ready vacancy and is currently producing a 9.6% cap rate, offering immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 17% cap rate potential. Recent capital improvements include a roof less than three years old, adding further stability for investors.
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Entry
Heating: Baseboard
Home Style: New Englander
Lot Size: 0.14 Acres
Roof Type: Flat
Taxes: $3,686
Year Built: 1922
Feature Descriptions
Electric: Circuit Breakers
Flooring: Tile, Vinyl, Wood
Sewer: Public Sewer
SQ FT Above Grade: 4368
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
$ 1,314.06 per month $890.23 Principal & Interest $307.17 Property Tax $116.67 Homeowner's Insurance
512 Kennebec Street | MLS# 1652664
This multi-family property located at 512 Kennebec Street , Rumford, ME 04276 is currently listed for sale with an asking price of $400,000. Search Rumford real estate on www.masiellogrouprealestate.com today.