multi unit properties for sale in Maine

Our multi-family portfolio: Upgrades

Upgrades & Repairs: 2009-2014

Please note that these repairs listed are only a summary, and there are many more I have not listed. We are constantly repairing and upgrading properties, and it's hard to keep up. There are some things that we'd still like to do: Freshen up the paint here and there, new parking lots eventually, etc.

It should be noted that all buildings have been through some sort of energy audit with follow-up weatherization and heating system retro fitting. We have reduced annual oil usage on two of our 7 unit buildings from 4,500 gals to 2,300 gals. We've decreased usage on our 11 unit from 5,500 gals to 3,300 gals. Additionally, this 11 unit will be converted to natural gas this year resulting in a further reduction of at least 30%. We've upgraded most boilers to Pensotti™ & Trio™ direct vent boilers or similar, which offer easy natural gas conversion.

Flooring is being replaced, unit-by-unit, with hgher end luxury plank vinyl. All painting is two tone, with either a light beige or bluish slate for wall color, and semi-gloss white for trim. This lends a homier, richer look vs. the typical "all-one-color" antique white that many lower end landlords choose.

Property #28P (4 Unit)
  • Apt #1: New flooring in kitchen & bath 2019
  • Apt #1: All new appliances 2015-2020
  • Major electrical entrance upgrade 2010 (fuses to 200 amp entrance)
  • New shingles garage 2010
  • New paint and flooring throughout units 2F and 2R
  • Electrical and plumbing upgrades 2010
  • New hot water heater 2017
  • Foam insulated basement 2010
  • Landscaping
  • New ceiling fan # 2F 2011
  • CFLs installed
  • Painting porch and garage 2016. (Siding and trim is vinyl)
  • 2017-18: Complete renovation of apartment #4 (10K~, including new flooring, paint, plumbing, fixtures, appliances, etc. resulting in a $100/mo rent increase)
  • All new Harvey vinyl replacement windows 2013-2016.
  • 20K Natural gas super condensing boiler 2021.
Property #60 (4 Unit)
  • Foam insulated basement 2010
  • Exterior paint 2010
  • Unit 2: all new paint, upgrades and flooring throughout 2014
  • Unit 1: all new paint, upgrades and flooring throughout 2016
  • Unit 3: new paint, upgrades and flooring throughout 2015
  • Weatherization 2011 (sealing, caulking, etc.)
  • Landscaping
  • Efficiency Maine air sealing program 2013
  • Heating pipes insulated 2013
  • New limit thermostats, low-flow shower heads & CFL light bulbs (most or all units)
  • New Engage Essentials™ flooring in BR unit 3.
  • Insulated and sealed attic 2016 (R60) which reduced oil consumption another 20% over previous measures. Oil usage has decreased from 2,200 gallons to 1,500 gallons since purchase.
  • Unit 4: completely renovated 2017-2018 (Approximately $13,000 in renovations: Including but not limited to new flooring, cabinets, appliances, paint, kitchen and bathroom.)
  • Exterior Security motion lighting added 2021