512 Kennebec ST Active Save Request In-Person Tour Request Virtual Tour
Rumford,ME 04276
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,368 sqft
Price per Sqft $91
MLS Listing ID 1638860
Style New Englander
Full Baths 7
Year Built 1922
Annual Tax Amount $3,271
Tax Year 2024
Lot Size 6,098 Sqft
Property Description
Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (5) three-bedroom units and (2) two-bedroom units with a 3 year old roof. Currently operating with just one vacancy and producing a 9.2% cap rate, the property offers immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 15% cap rate potential. Recent improvements include a roof less than three years old, adding further stability for investors.
Location
State ME
County Oxford
Zoning Residential
Interior
Heating Baseboard
Cooling None
Flooring Wood,Vinyl,Tile
Exterior
Parking Features 1 - 4 Spaces,Common
View Y/N No
Roof Type Flat
Building
Lot Description Level,Near Town
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame