28 Unit Apartment Package

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30830611
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 28 Units
Building Size (RSF): 40,300 SF
Gross Land Area: 0.45 Acres
Sale Price: $2,150,000
Unit Price: $76,785.71 Per Unit
Property Use Type: Investment
Building Name: Kirouac Properties
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/23/2023

Overview / Comments

28 unit, 3 building apartment portfolio now available for sale as a package. The offering comes with 3 separate apartment buildings and 1 parking lot. Unit mix includes 4-4 bedroom units, 13-3 bedroom units, 7-2 bedroom units and 4-1 bedroom units. All buildings have much in capital improvements and mechanical system upgrades and overall good quality finishes. Overall condition is above average with lead remediation completed. This should be a must see for any investor looking to add to their portfolio.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $24,601 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 196-107
Zoning: DR
Percent Occupied: 100%
Total Number of Buildings: 3
Number of Stories: 4
Year Built: 1908
Roof Type: Flat
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,203 48,932 59,530
Median Age: 31.81 37.14 38.35
Households: 8,732 20,804 25,186

Contact

Photograph of Listing Agent

Kevin Fletcher, CCIM

KW Commercial NECPE Member
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