Exclusive Residential Investment Opportunity / For Sale

Multi-Family for Sale
Catylist Listing ID: 30390058
Number of Units: 73 Units
Building Size (RSF): 488,743 SF
Gross Building Area: See Agent
Gross Land Area: 14.29 Acres
Sale Price: $7,990,000
Unit Price: $109,452.05 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2019

Overview / Comments

FOR SALE: 73 MULTI-UNIT RESIDENTIAL COMPLEX
Investment residential rental portfolio:

• 16 two-level buildings each with four rental units

• 56 3-Bedroom units with 1 bath; 8 4-bedroom units with 1.5 baths

• 8 4-bedroom units with 1.5 baths

• Shared carports with one covered parking space for each unit

• 9 single-family ranches each with four bedrooms and two baths

Located off Canam Drive, Topsham - close to Mt. Ararat Middle and High Schools

Just 2.5 Miles to Rte 295—easy commute to Portland or Augusta Topsham Mall, the region’s retail/business hub, is just 2.5 miles away

SALE PRICE: $7,990,000

(Financials & Rent Roll available upon request and a signed confidentiality agreement.)

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: Map R04 Lot 40F
Zoning: 1110
Community Amenities: Play Ground
Highway Access: 295
Property Condition: Good
Year Built: 1961
Roof Type: Other
Construction/Siding: Wood Frame
Exterior Description: Vinyl Siding
Parking Type: Structure
Parking Description: Each apartment includes one covered parking space in a shared carport (one carport for every 2 units)
Total Parking Spaces: 1
Laundry: In Each Unit
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Interior Description: Floors: Vinyl tile Walls: Painted gypsum board Ceiling: Painted gypsum board Front door: Steel, some with screen/storm doors
Zoning Description: 1110
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,478 17,494 29,322
Median Age: 42.35 41.31 42.07
Households: 673 7,370 12,226
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.