Multi unit apartment buildings for sale in Central Maine
34 Unit "Turn key" house & multi-unit rental portfolio for sale. Package deal or sell separately.
Note: Properties are priced rock bottom based on traditional sale and have very little room to negotiate. If commissions come into play, prices will need to be revised upward.
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 48 units, all within 2 miles of each other. We have updated these buildings mercilessly; (complete list here.)
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. (Maine General, Inland Medical Arts). 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. (Read more about the Central Maine area...).
Our rental properties are located in desirable, safe neighborhoods in Waterville & Winslow. We have a great management and maintenance team in place: heating, plumbing, electrical, and maintenance people have worked for us for years and are well integrated. The same management team has been in place since inception in 2009. As an investor, leave the current management in place or take over the day to day management yourself.
Buildings are well cared for, with above average spending on capital improvements every year. See our ever growing list of improvements here.
Although we've had a great time creating our "mini real estate empire," we're ready to take a break. 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 would be happy to sell one or several. Our goal is to find a "good home" for this well-performing portfolio and our desirable residents. Maybe it's time for you to make the leap?
Rental property portfolio summary
*Projected ROIE & cap rate based on full asking price, 20 year financing, 5% interest, 25% down payment, expenses as projected. See financing tab for information on low or no money down sample arrangement
Contact us for more information or APODs