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Listed by Keller Williams Realty
$350,000
6 Baths
4,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,680 sqft
MLS Listing ID 1627440
Style Other
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 4,680
Year Built 1925
Annual Tax Amount $2,317
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Land Area 4680
Property Description
Cash flow day one with major upside still on the table. This 6-unit multifamily on Cumberland Street is already generating income with 4 of the 6 units leased, delivering a 6% cap rate as-is—with the remaining units rent-ready and poised to push returns significantly higher.
The building offers separate electric, a clean, functional layout, and is located in a high-demand rental area. With minimal additional investment, a fully stabilized cap rate north of 18% is within reach, making this an ideal opportunity for investors looking to force appreciation and boost cash flow in short order.
Opportunities like this—partially stabilized, easy to finish, and packed with upside—are rare. Request the financials and schedule a showing before this one gets picked up.
The building offers separate electric, a clean, functional layout, and is located in a high-demand rental area. With minimal additional investment, a fully stabilized cap rate north of 18% is within reach, making this an ideal opportunity for investors looking to force appreciation and boost cash flow in short order.
Opportunities like this—partially stabilized, easy to finish, and packed with upside—are rare. Request the financials and schedule a showing before this one gets picked up.
Location
State ME
County Oxford
Zoning Unk
Rooms
Basement Interior, Full, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Vinyl, Tile
Exterior
Parking Features 1 - 4 Spaces, Concrete
View Y/N No
Roof Type Flat
Garage No
Building
Lot Description Level, Sidewalks, Intown
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil, Electric
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