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Listed by Keller Williams Realty
$ 1,225,000
New
413-425 Cumberland ST Rumford, ME 04276
22 Baths
16,281 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 16,281 sqft
MLS Listing ID 1638845
Style New Englander
Full Baths 22
HOA Y/N No
Abv Grd Liv Area 16,281
Year Built 1900
Annual Tax Amount $7,696
Tax Year 2025
Lot Size 0.470 Acres
Acres 0.47
Source Maine Listings
Land Area 16281
Property Description
Turnkey investment portfolio offering 22 units across 4 buildings in Rumford, located at 413, 419, 421, and 425 Cumberland Street. The package consists of three 6-unit buildings and one 4-unit building, with a strong unit mix of (2) four-bedrooms, (3) three-bedrooms, (15) two-bedrooms, and (2) one-bedrooms that appeals to a wide tenant base. All properties are situated within a federally designated Opportunity Zone, providing potential tax advantages for investors. With only 1 current vacancy and an impressive 12.6% cap rate, this portfolio offers immediate turnkey cash flow with long-term upside potential.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Interior, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Parking Features 1 - 4 Spaces, Common
View Y/N No
Roof Type Flat
Garage No
Garage No
Building
Lot Description Level, Sidewalks, Near Town
Sewer Public Sewer
Water Public
Architectural Style New Englander
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
