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Listed by Keller Williams Realty
$ 360,000
Active
421 Cumberland ST Rumford, ME 04276
6 Baths
3,948 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 3,948 sqft
MLS Listing ID 1646823
Style Other
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 3,948
Year Built 1925
Annual Tax Amount $1,700
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Source Maine Listings
Land Area 3948
Property 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 11.8% 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.
This property is currently operating at an 11.8% 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.
Location
State ME
County Oxford
Zoning Res
Rooms
Basement Interior, Walk-Out Access, Full, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Wood, Vinyl, Other, Laminate
Exterior
Parking Features 1 - 4 Spaces, Paved, Common
Utilities Available 1
View Y/N No
Roof Type Flat
Garage No
Garage No
Building
Lot Description Level, Sidewalks, Intown
Story 3
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Asbestos,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
