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325 Cumberland Street, Rumford, ME, 04276 | $300,000
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.
Features
- Baths: 6 full
- Units: 6
- Style: Other
- Year Built: 1925
- Heating: Baseboard
- Cooling: None
- Basement: Interior, Full, Unfinished
- Approx Sq. Feet: 4,680
- Acreage: 0.14
- Est. Taxes: $2,611
- Lot Desc: Level, Sidewalks, Intown
- MLS#: 1653046
- Website: https://www.raveis.com
/prop/1653046/325cumberlandstreet_rumford_me?source=qrflyer
 | 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. |  |
Listing courtesy of Elevate Maine Realty
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