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Listed by Tyler Stewart Elevate Maine Realty
$1,080,000
Est. payment /mo
18 Baths
12,798 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 12,798 sqft
Price per Sqft $84
MLS Listing ID 1652555
Full Baths 18
HOA Y/N No
Year Built 1923
Tax Year 2025
Lot Size 0.360 Acres
Acres 0.36
Source Maine Listings
Land Area 12798
Property 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.
Location
State ME
County Oxford
Zoning Residential
Direction GPS Friendly
Rooms
Basement Interior Entry, Unfinished
Interior
Heating Oil, Baseboard
Cooling None
Flooring Tile, Vinyl, Wood
Exterior
Parking Features Common, 1 - 4 Spaces
Roof Type Flat
Garage No
Building
Lot Description Near Town, Level, Sidewalks
Entry Level Multi-Level
Water Public
Architectural Style New Englander
Others
Tax ID RUMF-000113-000000-000264
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