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Listed by Tyler Stewart Elevate Maine Realty
$ 300,000
Est. payment /mo
Active
325 Cumberland ST Rumford, ME 04276
6 Baths
4,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $64
MLS Listing ID 1653046
Full Baths 6
HOA Y/N No
Year Built 1925
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Source Maine Listings
Land Area 4680
Property Description
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.
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.
Location
State ME
County Oxford
Zoning Unk
Direction GPS Friendly
Rooms
Basement Interior Entry, Full, Unfinished
Interior
Heating Electric, Oil, Baseboard
Cooling None
Flooring Tile, Vinyl
Exterior
Parking Features Concrete, 1 - 4 Spaces
Roof Type Flat
Garage No
Building
Lot Description Intown, Level, Sidewalks
Entry Level Multi-Level
Water Public
Architectural Style Other
Others
Tax ID RUMF-000113-000000-000255
