512 Kennebec Street Rumford, ME 04276

Building Details

Year Built

1922

Listing agency Elevate Maine Realty t***@elevatemaine.com Show Phone

Listed by Tyler Stewart · License #BA927955 Show Phone

Source Compass

Added: Feb 13 Updated: Jul 20 at 5:52PM Checked: Jul 21 at 6:24AM

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Investment Insights

Based on property information with market context.

This well-positioned 7-unit residential income building offers a 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. Recent capital improvements include a roof installed less than three years ago.

The building is located on Kennebec Street in Rumford, ME, at 512 Kennebec Street. It is being offered for sale with an immediate turnkey income component due to the existing vacancy status.

From a configuration standpoint, the unit mix provides both three-bedroom and two-bedroom options within the same property.

Key Highlights

• 7‑unit multifamily building on Kennebec Street with 4 three‑bedroom units and 3 two‑bedroom units
• Includes one rent‑ready vacancy
• Reported 9.6% cap rate per listing remarks

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FAQs

What type of property is this?

Apartment building - A 7-unit multifamily property with (4) three-bedroom and (3) two-bedroom units, including one rent-ready vacancy.

Where is this apartment building located?

The property is located at 512 Kennebec Street Rumford, ME.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 7‑unit multifamily building on Kennebec Street with 4 three‑bedroom units and 3 two‑bedroom units; Includes one rent‑ready vacancy; Reported 9.6% cap rate per listing remarks