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425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo
425 Cumberland Street, Rumford, ME 04276 Photo

8 Total Photos [Click to View All]

  • Listing Provided by:
    Elevate Maine Realty
    Phone: 207-331-4565 IDX logo

  • 6
    Baths
  • 4,500
    Square Feet
  • 1652561
    MLS#
$360,000
Status: Under Contract
425 Cumberland Street Rumford, ME 04276

Property Description

Well-located 6-unit multifamily comprised of a desirable unit mix of three (3) 2-bedroom apartments and three (3) 3-bedroom apartments. The property currently has one rent ready vacancy, providing immediate upside through lease-up and income stabilization. The building is operating at a 10.3% cap rate, with a clear path to increased performance. Through rent optimization and full occupancy, the property shows potential to achieve a 14%+ cap rate, making this an attractive opportunity for investors seeking both cash flow and value appreciation. Additional upside is supported by a newer furnace, helping reduce near-term capital expenditure concerns while improving operational efficiency. An ideal acquisition for investors looking to step into a light value-add opportunity with meaningful income growth potential.

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Property Features

MLS Number: 1652561
Subdivision:
County: Oxford
Bedrooms: 0
Total Square Feet: 4,500
Style: Other
New Constuction: No
Construction: Wood Frame,Vinyl Siding
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Full, Unfinished
Heating: Oil, Baseboard, Hot Water
Lot Size: 0.18 Acres
Roof Type: Flat
Taxes: $2,617
Year Built: 1923

Feature Descriptions

Electric: Fuses
Exterior: Wood Frame, Vinyl Siding
Flooring: Vinyl, Wood
Foundation: Stone, Poured Concrete
Home Style: Other
Lot: Intown, Level
Parking: Paved,1 - 4 Spaces, Off Street
Sewer: Public Sewer
SQ FT Above Grade: 4500
SQ FT Below Grade: 0
Water: Public

Location

Listed By / Shown By

Listed By

Broker Name: Elevate Maine Realty
Broker Phone: 207-331-4565

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Estimated Payment

$ 2,086.99 per month $1,763.91 Principal & Interest $218.08 Property Tax $105.00 Homeowner's Insurance

Source: Delta Media Group, Inc.

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(Payments are an estimate and may vary by lender)

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