multi unit properties for sale in Maine

Multi unit apartment buildings for sale
Central Maine

34 Unit "Turn key" single-family home & multi-unit rental portfolio for sale (package deal or will sell individually) $1,701,000

  • 8 Buildings totaling 34 units within a 2 mile radius, just off I-95 in Waterville Maine
  • Average 9% Cap Rate (one as high as 13)
  • LOW vacancy (LESS THAN 1% vacancy rates from 2013-2018)
  • Projected ROIE: 22%*
  • True "turn key" with new management ready to take over (or manage yourself)
  • Package deal or will separate
  • $270,500 gross annual income w/upward potential
  • Constant ongoing improvements
  • PRICE: $1,711,000
    ***See prices & financial data for each building here***
maine real estate for sale apartment buildings for sale in central maine
*Projected ROIE & cap rate are based on listed price, 20 year financing, 5% interest, 25% down payment, expenses as projected.

Rental property portfolio summary

Owners would like to retire, and sell their pride and joy: A "turn-key" portfolio of eight (8) well-managed multi-family apartment buildings and single family homes, located in Central Maine right off interstate I-95. Our portfolio consists of 6 apartment buildings and 2 single family homes totaling 34 units, all within 2 miles of each other. Buildings are well cared for, with ample ongoing investment in capital improvements. Little to no deferred maintenance See our list of improvements.

These investment properties are located in Waterville & Winslow Maine. Here you'll find 3 major colleges (Colby, Thomas, KVCC) as well as two thriving hospitals. Waterville hosts the Maine International Film Festival, and has a thriving downtown / cultural center. (Read more about the Waterville area here).

These rental properties are located in desirable, safe neighborhoods in Waterville & Winslow. We have a great 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 are no longer willing to continue managing any building that we sell. We have a preferred property manager here in Waterville that is ready to take over for you)

Although we've had a great time creating our "mini real estate empire," we're ready to take a break. So feel free to contact us by phone or email. Our preference is to sell all of the properties as a package deal but we would be open to selling them individually. Our goal is to simply find a "good home" for this well-performing, mature portfolio. Maybe it's time for you to make the leap?
Contact us for more information or APODs