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Adam Dow

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

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512 Kennebec St , Rumford, ME 04276
$400,000
Est. Payment: $888.89/mo
0 Bed
7 Bath
4368 Sqft
Status: Pending | Days on site: 65
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3572 - 022093
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (4) three-bedroom units and (3) two-bedroom units. The property includes one rent-ready vacancy and is currently producing a 9.6% cap rate, offering immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 17% cap rate potential. Recent capital improvements include a roof less than three years old, adding further stability for investors.
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Highlights

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

Property Type

Multi-Family
Lot/Acreage
0.14

Year Built

1922

County

Oxford

Listing ID

1652664

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:7
  • ▪ Full Bathrooms:7
Floor:Tile,Vinyl,Wood
Above Ground Sq Ft:4368
Below Ground Sq Ft:0
Basement:Interior Entry,Unfinished
Water:Public

Exterior Features

Lot:Near Town,Level
Zoning:Residential
Roof:Flat
Sewer:Public Sewer
Parking Features:Common,1 - 4 Spaces
Principal Interest
$889
Taxes
$307

Home Price

$400,000

Loan Details

30 yrs
%

Down Payment

20%
$80,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $888.89 $307.17 $0.00 $1,196.06
Yearly $10,666.67 $3,686.00 $0.00 $14,352.67
Total $320,000.00 $110,580.00 $0.00 $430,580.00

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.