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Value-Add 17 Unit Multifamily Portfolio 1 Multifamily Properties Offered at $1,775,218 CAD in Lincoln, ME
Investment Highlights
- Opportunity to acquire a portfolio of four residential properties and one commercial property across established Maine rental markets.
- Current ownership has completed significant capital improvements and operational upgrades for enhanced efficiency and reduced maintenance.
- Stabilized operations with potential for continued value-add strategies and long-term income growth.
- Total offering includes 17 residential units plus one commercial space, priced at $1,305,000 with a 7.5% cap rate.
- Recent improvements include structural updates, system upgrades, and modernization efforts across multiple assets.
Executive Summary
Improved Maine Multifamily Investment Portfolio
Opportunity to acquire a portfolio of 4 residential properties and 1 commercial property across established Maine rental markets. The current owner has completed significant capital improvements and operational upgrades across the portfolio, resulting in improved efficiency, reduced maintenance needs, and stabilized operations.
Recent improvements include:
• Property renovations and deferred maintenance addressed
• Systems and infrastructure upgrades across multiple properties
• Operational and management improvements including upgraded tracking and management systems
• Improved tenant quality and leasing processes
The portfolio represents a well-maintained investment with potential for long-term appreciation. Ideal for investors seeking stabilized assets with many major improvements already completed. The property within Millinocket is 3 - 4 units with an extra commercial space.
Opportunity to acquire a portfolio of 4 residential properties and 1 commercial property across established Maine rental markets. The current owner has completed significant capital improvements and operational upgrades across the portfolio, resulting in improved efficiency, reduced maintenance needs, and stabilized operations.
Recent improvements include:
• Property renovations and deferred maintenance addressed
• Systems and infrastructure upgrades across multiple properties
• Operational and management improvements including upgraded tracking and management systems
• Improved tenant quality and leasing processes
The portfolio represents a well-maintained investment with potential for long-term appreciation. Ideal for investors seeking stabilized assets with many major improvements already completed. The property within Millinocket is 3 - 4 units with an extra commercial space.
Property Facts
| Price | $1,775,218 CAD | Number of Properties | 5 |
| Price / SF | $512.48 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 3,464 SF |
| Sale Type | Investment | Total Land Area | 0.27 AC |
| Status | Active |
| Price | $1,775,218 CAD |
| Price / SF | $512.48 CAD / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 3,464 SF |
| Total Land Area | 0.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 460 Main Street, Lincoln, ME 04457 | Multifamily | 3,464 SF | 1900 | - |
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Value-Add 17 Unit Multifamily Portfolio
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