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512 Kennebec Street, Rumford, ME 04276 Photo
512 Kennebec Street, Rumford, ME 04276 Photo
512 Kennebec Street, Rumford, ME 04276 Photo
512 Kennebec Street, Rumford, ME 04276 Photo
512 Kennebec Street, Rumford, ME 04276 Photo
512 Kennebec Street, Rumford, ME 04276 Photo

3 Total Photos [Click to View All]

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

  • 7
    Baths
  • 4,368
    Square Feet
  • 1652664
    MLS#
$400,000
Status: Under Contract
512 Kennebec Street Rumford, ME 04276

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.

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Property Features

MLS Number: 1652664
Subdivision:
County: Oxford
Bedrooms: 0
Total Square Feet: 4,368
Style: New Englander
New Constuction: No
Construction: Wood Frame,Vinyl Siding
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Interior Entry, Unfinished
Basement: Yes
Heating: Oil, Baseboard
Lot Size: 0.14 Acres
Roof Type: Flat
Taxes: $3,686
Year Built: 1922

Feature Descriptions

Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Tile, Vinyl, Wood
Home Style: New Englander
Lot: Near Town, Level
Parking: Common,1 - 4 Spaces
Sewer: Public Sewer
SQ FT Above Grade: 4368
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

$ 2,383.73 per month $1,959.90 Principal & Interest $307.17 Property Tax $116.67 Homeowner's Insurance

Source: Delta Media Group, Inc.

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