Listed by Elevate Maine Realty - Tyler Stewart
$300,000
325 Cumberland Street Rumford, ME 04276
Details
APN RUMF-000113-000000-000255
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,680
Units 6
Cap Rate 3.02%
NOI $9,046
Occupancy 50%
Pro-Forma Cap Rate 21.85%
Pro-Forma NOI $65,552
Buildings 1
Acreage 0.140
Zoning UNK
Investment Type Value Add
Multifamily | 6 Units | $50,000/unit
Marketing 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.
Listing Contacts
Listed by Elevate Maine Realty - Tyler Stewart
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,046.00
$753.83/mo
Valuation Metrics
0
DSCR
3.02%
Cap Rate
3.02%
ROI
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