413-425 Cumberland ST new Save Request In-Person Tour Request Virtual Tour
Rumford,ME 04276
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 16,281 sqft
Price per Sqft $75
MLS Listing ID 1638845
Style New Englander
Full Baths 22
Year Built 1900
Annual Tax Amount $7,696
Tax Year 2025
Lot Size 0.470 Acres
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
Interior
Heating Baseboard
Cooling None
Flooring Wood,Vinyl,Tile
Exterior
Parking Features 1 - 4 Spaces,Common
View Y/N No
Roof Type Flat
Building
Lot Description Level,Sidewalks,Near Town
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame