Listing Provided by:
Elevate Maine Realty
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.
Listed By
Broker Name: Elevate Maine Realty
Broker Phone: 207-203-9022
Shown By
Broker Title: Badger Peabody & Smith Realty
Broker Phone: (603) 823-5700 (Corporate Office)
Estimated Payment
$ 1,775.01 per month $1,469.93 Principal & Interest $217.58 Property Tax $87.50 Homeowner's InsuranceSource: Delta Media Group, Inc.
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325 Cumberland Street , Rumford, ME 04276.
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