22 Unit Multifamiliy Portfolio | 3 Buildings.

Purchase Price: $550,000. Occupancy: 95%

Seller WILL FINANCE | BROKERS ARE PROTECTED.

Sold Separately Or As Package.

Located in an area with Enormous housing demand.


Property Summary:

Subject portfolio consists of 22 units across 3 multifamily buildings. Buildings sold individually or as package. The portfolio is 95% occupied, subject properties are in good condition. The buildings have ample off street parking and established property management in place.

The cap rate is around 14% with current rents, could improved to 17% if rents were bumped up to market.

The 3 buildings are located at the following addresses:

74 Pierce St, 93 Shawmut St, 179 Pine St.

This package is located in Lewiston, ME, an area with an enormous housing demand. Lewiston's predominant industries are healthcare, manufacturing, food & beverage. Prominent employers include Central Maine Medical Center, TD Bank, Formed Fiber Technologies, Tambrands, Panolam & L.L. Bean.

Want more info or to schedule a tour? Fill out the form below.

Name *
Name
Phone
Phone