


512 Kennebec Street, Rumford, ME, 04276
18beds
7baths
4,368sqft
$400,000
$92price/sqft
$3,302/moest. monthly cost
$132,080/yrincome needed
About This Home
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.
Getting Around
63
0
34
Schools
2/10
1/10
3/10
Construction
Condition
- Year built: 1922
Materials
- Roof: Flat
- Construction materials: Wood Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Interior Entry,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 18
- Bathrooms: 7
- Full bathrooms: 7
Features
- Flooring: Tile,Vinyl,Wood
- Finished area below ground: 0
- Finished area above ground: 4,368
Heating & Cooling
- Heating features: Baseboard
- Cooling features: None
Interior Area
- Total structure area: 4,368
- Total interior livable area: 4,368 sqft
Property
Details
- Parcel number: RUMFM113L049
- Zoning: Residential
Lot
- Lot size: 6,098 sqft
- Features: Near Town,Level
Parking
- Parking features: Common,1 - 4 Spaces
