19 Unit Apartment
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Land Area:
||$50,000 Per Unit
|Property Use Type:
||Cash to Seller
Overview / Comments
Modern Nineteen Unit Apartment Complex in excellent condition and fully occupied. This property offers exceptional cash flow, financials and a capitalization rate of 8.89%. Comprised of two buildings on 4.5 acres; the larger fifteen unit building was constructed in 1990 as an assisted living facility and later converted to apartments. The four unit was built in 2009 and features all two bedroom units and a sprinkler system. Both buildings are single story and handicapped accessible. The spacious lot offers ample paved parking and the ability to add eight additional units. The property also features public water, sewer, and underground electrical power installed. Nice quiet rural setting yet less then a mile to I-95 and closer then you might think to Waterville (15 minutes), Augusta (30 minutes), Bangor (45 minutes) and Portland (1 hour, 15 minutes). Please DO NOT go to property or speak with tenants unless on a showing with the listing agent
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