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Listed by Keller Williams Realty
$ 400,000
Active
512 Kennebec ST Rumford, ME 04276
7 Baths
4,368 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,368 sqft
MLS Listing ID 1638860
Style New Englander
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 4,368
Year Built 1922
Annual Tax Amount $3,271
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Source Maine Listings
Land Area 4368
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
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, Near Town
Sewer Public Sewer
Water Public
Architectural Style New Englander
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
