Listing Provided by:
Elevate Maine Realty
Phone: 207-331-4565
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.
Listed By
Broker Name: Elevate Maine Realty
Broker Phone: 207-331-4565
Shown By
Broker Title: Badger Peabody & Smith Realty
Broker Phone: (603) 823-5700 (Corporate Office)
Estimated Payment
$ 2,086.99 per month $1,763.91 Principal & Interest $218.08 Property Tax $105.00 Homeowner's InsuranceSource: Delta Media Group, Inc.
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425 Cumberland Street, Rumford, ME 04276.
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