Multi-Family for Sale
Catylist Listing ID: 30829954
Property Subtypes: Mid-Rise
Building Status: Proposed
Number of Units: 96 Units
Building Size (RSF): 16,980 SF
Gross Building Area: See Agent
Sale Price: $2,500,000
Unit Price: $26,041.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2023

Overview / Comments

This highly anticipated and much-needed 96 unit multi-family development, currently fully Approved, permitted and Designed, is ready for construction. The Brickyard Commons neighborhood is a three-story, Class A, 96-unit multi-family development in Auburn, Maine. Residents of the Brickyard Commons community will enjoy an abundance of amenities, including close proximity to the Interstate for commuting purposes, local to all community restaurants, shopping & Several Golf Courses near by. The property will also provide residents with a walking trail and green space, giving a comforting sense of community.
Auburn Maine is 33 miles outside of Portland Maine a city known for its Urban atmosphere and excellent Ocean front ammenties and home to many large corporate Companies. Auburn Maine is a reliably expanding community, with 24,061 residents and 131,894 in the local primary region with projected growth of 4.4% by 2027. Owners will have no problem maintaining low vacancies within the Brickyard Commons Community. This development is also approved as condo’s if a developer would rather build condo’s vs apartments.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Taxing Authority: CITY OF AUBURN MAINE
Tax ID/APN: .
Total Number of Buildings: 8
Number of Stories: 3
Year Built: 2023
Roof Type: Arched
Construction/Siding: Vinyl Siding
Parking Ratio: 1.7 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 167
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Heat Pump
Fuel: Gas
Internet Access: DSL
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,298 45,617 61,751
Median Age: 38.65 36.92 38.4
Households: 3,212 19,480 26,033
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