Multi unit apartment buildings for sale in Central Maine
48 Unit "Turn key" house & multi-unit rental portfolio for sale. Will sell separately.
*Projected ROIE & cap rate based on full asking 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 11 well-managed multi-family apartment buildings and single family homes, located in Central Maine right off interstate 95. Our portfolio consists of 8 apartment buildings and 3 single family homes totaling 48 units, all within 2 miles of each other. We have updated these buildings mercilessly; (complete list here.)
This is Central Maine, more specifically Waterville-Winslow. Here you'll find 3 major colleges as well as two thriving hospitals. Culture is alive and well here: Waterville hosts the Maine International Film Festival, and has a thriving downtown / cultural center. The real estate investment climate in Central Maine is much less volatile than most areas. (More area information here).
Our rental properties are located in desirable, safe neighborhoods in Waterville & Winslow. We have a great team in place: heating, plumbing, electrical, maintenance people have worked for us for years and are well integrated. We can help facilitate a management company for any buyer, and will even manage the portfolio for you on a year-by-year basis if you prefer, for a fair rate. (or free with full price offer). It may also be possible for our current team to continue seamlessly under your leadership.
Although we've had a great time creating our "mini real estate empire," we're ready to move on. We run 3 businesses and we've made a decision to scale back and enjoy our lives a bit more. 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 will sell single or multiple buildings. Our goal is to find a "good home" for this well-performing portfolio and our stellar residents. Maybe it's time for you to make the leap.
Contact us for more information or APODs