Exclusive Investment Opportunity / For Sale

Multi-Family for Sale
Catylist Listing ID: 30551049
Number of Units: 62 Units
Building Size (RSF): 999,999 SF
Gross Building Area: See Agent
Gross Land Area: 29.40 Acres
Sale Price: $7,575,000
Unit Price: $122,177.42 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Midway Terrace
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2020

Overview / Comments

62 MULTI-UNIT RESIDENTIAL COMPLEX

Investment residential rental portfolio of 62 units:

• 11 Buildings

• 38 2-bedroom units with 1 bath

• 24 4-bedroom units with 2.5 baths

• Combo of 6 + 4 unit two-level walkups

• All units have a 1-car garage

Just 5± Miles to Rte 295 - easy commute to Portland or Augusta

Cook’s Corner, the region’s commercial/retail hub, is just 1 mile away

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 40 Lot 136
Zoning: 999999
Highway Access: 295
Total Number of Buildings: 11
Number of Stories: 2
Year Built: 1980
Construction/Siding: Wood Frame
Exterior Description: Vinyl Siding
Heat Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 774 15,703 32,667
Median Age: 39.4 39.93 42.78
Households: 308 6,468 14,177
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.