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About the Listing 1898 - 022093
Well-located 6-unit multifamily comprised of a desirable unit mix of three (3) 2-bedroom apartments and three (3) 3-bedroom apartments. The property currently has one rent ready vacancy, providing immediate upside through lease-up and income stabilization. The building is operating at a 10.5% cap rate, with a clear path to increased performance. Through rent optimization and full occupancy, the property shows potential to achieve a 14%+ cap rate, making this an attractive opportunity for investors seeking both cash flow and value appreciation. Additional upside is supported by a newer furnace, helping reduce near-term capital expenditure concerns while improving operational efficiency. An ideal acquisition for investors looking to step into a light value-add opportunity with meaningful income growth potential.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
1646825
Year Built
1923
Total Square Footage
4,500
Lot/Acreage
0.18
County
Oxford
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4500
- Below Ground Sq Ft: 0
- Basement: Interior,Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Intown
- Garage Capacity: N/A
- Zoning: Res
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Paved,Off Street
Financial Details
- Tax Amount: $2,322
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
425 Cumberland St Rumford, ME 04276
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