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About the Listing 1898 - 022093
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.
Listing Highlights for 512 Kennebec St
Status
Active
Days on Site
31
Property Type
Multi-Family
MLS ®
1638860
Year Built
1922
Total Square Footage
4,368
Lot/Acreage
0.14
County
Oxford
Interior Details
- Bedrooms: 0
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4368
- Below Ground Sq Ft: 0
- Basement: Interior,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Near Town
- Garage Capacity: N/A
- Zoning: Residential
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Common
Financial Details
- Tax Amount: $3,271
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
512 Kennebec St Rumford, ME 04276
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