Listed by Elevate Maine Realty - Tyler Stewart
$360,000
421 Cumberland Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,948
Units 6
Cap Rate 11.27%
NOI $40,566
Occupancy 100%
Pro-Forma Cap Rate 13.64%
Pro-Forma NOI $49,111
Price per SqFt $91
Class C
Year Built 1925
Stories 3
Multifamily | 6 Units | $60,000/unit
Marketing description
Income-producing 6-unit multifamily featuring six (6) 2-bedroom apartments with no vacancies. The consistent unit layout supports strong tenant demand and reliable rent performance. This property is currently operating at an 11.3% cap rate, offering solid cash flow and a stabilized income stream from day one. With all units occupied, this asset is well positioned for investors seeking immediate returns without lease-up risk. A strong fit for buyers looking to add a proven, cash-flowing property to their portfolio or expand existing holdings with a low-friction multifamily investment.
Listing Contacts
Listed by Elevate Maine Realty - Tyler Stewart
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,566.00
$3,380.50/mo
Valuation Metrics
0
DSCR
11.27%
Cap Rate
11.27%
ROI
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