multi unit properties for sale in Maine

Multi unit apartment buildings for sale in Central Maine

29 Unit "Turn key" multi-family rental portfolio for sale either as a package deal or will sell individually: $1,540,000

  • 5 Buildings for a total of 29 units within a 2 mile radius, just off I-95 in Waterville Maine
  • Average 9% Cap rate
  • Less than avg. 1% vacancy 2013-2020)
  • Projected ROIE: 33%***
  • True "turn key" with new management ready to take over (or manage yourself)
  • Package deal or will separate
  • $269,000 gross annual income w/upward potential
  • Well-maintained & managed
maine real estate for sale apartment buildings for sale in central maine
***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 49 units over 13 buildings and what remains are the last we wish to sell. These are our best properties. We would like to retire, and 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 portfolio consists of 5 apartment buildings and 1 single family home totaling 29 units, all within 2 miles of each other. 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