multi unit properties for sale in Maine

Multi unit apartment buildings for sale in Central Maine

48 Unit "Turn key" house & multi-unit rental portfolio for sale. Will sell separately.

  • 11 Buildings = 48 units in 2 miles radius, right off I-95 in Waterville Maine
  • 7-8% Cap Rate
  • LOW vacancy (approx 1/2% 2015, 3% 2014 & 2013)
  • Projected ROIE: 22%*
  • Turn key / package deal or will separate
  • Owner managed, and will continue up to 2 years if desired
  • $369,000~ gross income w/upward potential
  • Constant ongoing improvements, weatherization & upgrades
  • $2,901,000 ASKING PRICE
maine real estate for sale apartment buildings for sale in central maine
*Projected ROIE based on 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. (More area information here).

Our rental properties are located in desirable, safe neighborhoods. 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).

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. Maybe this can be you. Let's have a conversation.

Contact us for more information or APODs