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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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425 Cumberland St , Rumford, ME 04276
$360,000
Est. Payment: $800.00/mo
0 Bed
6 Bath
4500 Sqft
Status: Pending | Days on site: 66
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3572 - 022093
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House Description

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 10.3% 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.

Highlights

Listed by Tyler Stewart , 207-213-7644 Elevate Maine Realty , 207-331-4565.

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1923

County

Oxford

Listing ID

1652561

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:6
  • Full Bathrooms:6
Floor:Vinyl,Wood
Above Ground Sq Ft:4500
Below Ground Sq Ft:0
Basement:Interior Entry,Full,Unfinished
Water:Public

Exterior Features

Lot:Intown,Level
Zoning:Res
Roof:Flat
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces,Off Street
Principal Interest
$800
Taxes
$218

Home Price

$360,000

Loan Details

30 yrs
%

Down Payment

20%
$72,000
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Monthly Price:
$800.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $800.00 $218.08 $0.00 $1,018.08
Yearly $9,600.00 $2,617.00 $0.00 $12,217.00
Total $288,000.00 $78,510.00 $0.00 $366,510.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rumford, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.