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Listed by Noah Stebbins The Boulos Company
$10,650,000
Est. payment /mo
48,516 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 48,516 sqft
Price per Sqft $219
MLS Listing ID 1659533
HOA Y/N No
Year Built 1983
Lot Size 164.950 Acres
Acres 164.95
Property Sub-Type Multi Family
Source Maine Listings
Land Area 48516
Property Description
The 6-property, 12-building, 63-unit multifamily portfolio comprises (2) one-bedroom (60) twobedroom, and (1) three-bedroom townhouse-style units, featuring a well balanced mix of layouts designed to meet a broad range of renter needs in Southern Maine.
Highly uniform townhouse design reduces operational complexity (standardized finishes, mechanicals, and unit layouts). *Current management willing to stay on
Attractive basis in a supply-constrained York County rental market with solid household incomes and limited competing rental stock
85% to 90% of the units have been rehabbed with new kitchens, flooring, paint, carpeting, etc., while all the properties feature newer metal roofs (2022) and pavement among other CapEx items.
Highly uniform townhouse design reduces operational complexity (standardized finishes, mechanicals, and unit layouts). *Current management willing to stay on
Attractive basis in a supply-constrained York County rental market with solid household incomes and limited competing rental stock
85% to 90% of the units have been rehabbed with new kitchens, flooring, paint, carpeting, etc., while all the properties feature newer metal roofs (2022) and pavement among other CapEx items.
Location
State ME
County York
Zoning RR3
Interior
Interior Features Storage
Heating K-1/Kerosene, Oil, Propane, Direct Vent Heater
Flooring Carpet, Laminate, Vinyl
Exterior
Parking Features 21+ Spaces
Roof Type Metal,Pitched
Building
Lot Description Other
Story 2
Water Private
Others
Tax ID HLLS-000004-000000-000031G
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Chris Faulhaber
Agent State License Number SA930528
Agent State License Number SA930528