325 Cumberland St, Rumford, ME 04276
- $300,000
- 6
- BA
- 4,680
- SqFt
Listing courtesy of Elevate Maine Realty.
- List Price
- $300,000
- MLS#
- 1653046
- Status
- PENDING
- Type
- Multifamily
- City
- Rumford
- County
- Oxford
- Bathrooms
- 6
- Living Area
- 4,680
- Lot Size
- 6,098
- Year Built
- 1925
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.
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Additional Information
- Living Area
- 4,680
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Full, Unfinished
- Cooling
- None
- Year Built
- 1925
- Acres
- 0.14
- Roof
- Flat
- Style
- Other
- Courtesy Of Listing Office
- Elevate Maine Realty
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