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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
WalkingSomewhat Walkable
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

2/10
Rumford Elementary SchoolGrades PK-40.1 mi
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