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325 Cumberland Street

Rumford

$300,000

beds   ·   6 baths   ·   4,680 sqft   ·   0.14 acres   ·   taxes: $2,611   ·   MLS#: 1653046

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.

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1925
  • Style : Other
  • Flooring : Vinyl, Tile
  • Garage Spaces : 0.00
  • Roof : Flat
  • Basement : Interior, Full, Unfinished
  • Heating : Baseboard
  • Cooling : None

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : Unk
Listing provided by Elevate Maine 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
privacy policy
43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy