Listed by Elevate Maine Realty - Tyler Stewart
$1,080,000
419-425 Cumberland Street, Rumford
Details
APN RUMF-000113-000000-000264
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,798
Units 18
Cap Rate 11.97%
NOI $129,315
Occupancy 100%
Pro-Forma Cap Rate 13.7%
Pro-Forma NOI $147,933
Class C
Year Built 1900
Buildings 4
Zoning Residential
Multifamily | 18 Units | $60,000/unit
Marketing description
Turnkey 18-unit multifamily portfolio consisting of three stabilized 6-unit buildings located at 419, 421, and 425 Cumberland Street in Rumford. The portfolio features a desirable unit mix of 15 two-bedroom and 3 three-bedroom apartments, appealing to a broad tenant base. Properties are situated within a federally designated Opportunity Zone. With only one vacancy and strong in-place income, the portfolio delivers an attractive 11% cap rate and immediate cash flow. A rare opportunity to acquire scale in a single transaction with stable operations and long-term upside potential.
Listing Contacts
Listed by Elevate Maine Realty - Tyler Stewart
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,315.00
$10,776.25/mo
Valuation Metrics
0
DSCR
11.97%
Cap Rate
11.97%
ROI
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