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512 Kennebec Street

Rumford

$400,000

beds   ·   7 baths   ·   4,368 sqft   ·   0.14 acres   ·   taxes: $3,271   ·   MLS#: 1638860

Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (5) three-bedroom units and (2) two-bedroom units with a 3 year old roof. Currently operating with just one vacancy and producing a 9.2% cap rate, the property offers immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 15% cap rate potential. Recent improvements include a roof less than three years old, adding further stability for investors.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1922
  • Style : New Englander
  • Flooring : Wood, Vinyl, Tile
  • Roof : Flat
  • Basement : Interior, Unfinished
  • Heating : Baseboard
  • Cooling : None

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Residential
Listing provided by Keller Williams Realty

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Camden Real Estate participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participant's Listings. We have chosen, however, to limit the Listings shown on this page to only those Listings meeting the following criteria: listings in Maine only.


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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy