NEW! Buy and sell safely with virtual options - Learn More
About the Listing 3572 - 022093
8-unit multifamily investment delivering strong in-place income and substantial value-add potential. Currently operating at a 10.6% cap rate, the property includes 2 vacant units, offering immediate opportunity to renovate and lease at market rents with a projected 16%+ stabilized cap. The asset features a versatile unit mix of (1) 4-bedroom, (3) 3-bedroom, and (4) 1-bedroom units, appealing to a broad tenant base. Separate electric and a solid structure support efficient operations and long-term durability. Several long-term tenants provide consistent cash flow while improvements are executed. Well located just minutes from downtown and major employers, this is a compelling high-yield opportunity with clear upside through unit upgrades and rent optimization.
Listing Highlights
Status
Pending
Days on Site
11
Property Type
Multi-Family
MLS ®
1652952
Year Built
1920
Total Square Footage
6,300
Lot/Acreage
0.14
County
Oxford
Interior Details
- Bedrooms: 0
- Bathrooms: 8 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Hot Water,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 6300
- Below Ground Sq Ft: 0
- Basement: Interior,Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Sidewalks,Intown
- Garage Capacity: 1 car
- Zoning: Unk
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Common
Financial Details
- Tax Amount: $2,956
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
323 Cumberland St Rumford, ME 04276
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
