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.
Active
$400,000
512 Kennebec Street, Rumford, ME 04276
19beds
4,368sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$92/sqft
$-- HOA
What's special
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