Multi unit apartment buildings for sale in Central Maine
***PLEASE NOTE THAT THESE PROPERTIES ARE NOT FOR SALE AT THIS TIME. WE ARE LEAVING THIS WEBSITE UP ONLY FOR SEARCH ENGINE POSITIONING PURPOSES***
29 Unit "Turn key" multi-family rental portfolio for sale either as a package deal or will sell individually: $1,600,000
***Projected 33% ROIE & cap rate are based on purchasing at listed price, using 20 year financing, 5% interest rate, 25% down payment, and expenses as projected in our excel analyzer here</span>
Rental property portfolio summary
We started with 51 units over 13 buildings and what remains are the last we wish to sell. These are our best performing properties. We would like to retire, and slowly sell this "turn-key" portfolio of 29 units consisting of five (5) well-managed multi-family apartment buildings located in Waterville & Winslow Maine right off interstate I-95. Our properties are all within 2 miles of each other. We are ready to sell one building each 1-2 years in a certain order. That order is: 28 Halifax St. Winslow, 28 Pleasant St. Waterville, (either of those two first), then 60 Pleasant St. and finally 169 Silver St. and 17 Boutelle. Buildings are well cared for, with ongoing investments in capital improvements, minimizing deferred maintenance concerns upon purchase. See our list of improvements, both completed and pending here.
These investment properties are located in Waterville & Winslow Maine. Here you'll find 3 good colleges, with another less than a half hour away (Colby, Thomas, KVCC, U.M.A.) as well as two major hospitals. Waterville Maine hosts the Maine International Film Festival, and has a thriving downtown. (Read more about the Waterville area here) including Colby's downtown revitilization efforts.
These rental properties are located in desirable, safe neighborhoods in Waterville & Winslow. We have a well-established, capable maintenance team in place: heating, plumbing, electrical, and maintenance people have worked for us for years and are well integrated. As an investor, you have a choice of using our maintenance team or saving money and taking care of it yourself. We also have two proven property managers here in Waterville that are ready to take over for you.
Contact us for more information