1390 Forest Avenue, Portland, ME 04103
sale
$9,999,500
|
Other
Courtesy Of Maine Realty 2000
472 Roosevelt Trail, Windham, ME 04062
''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to own this well maintained 44 unit apartment complex featuring 5 separate buildings on a beautiful 3.8 Acre lot that is extremely convenient to everything including public transportation. The 5 buildings consist of 3 three story 12 unit buildings and 2 two story 4 unit buildings, all units are 2 bedroom, 3 different styles with some including a laundry, heat & hot water included with natural gas, an additional extensive shop area / storage / office spaces with a half bath below unit #5, large shed, ample parking with guest spaces, nice lawn area, lots of updates & improvements including windows, excellent rental history, currently fully occupied with mostly long term tenants & great payment history. THIS IS A VERY SOLID ALL AROUND MULTIUNIT RENTAL PROPERTY WITH GREAT OVERALL NUMBERS, MOSTLY LONG TERM TENANTS, LOW TURNOVER, RARE VACANCIES, THE POTENTIAL FOR INCREASED RENTS, SUBSTANTIALLY MORE VERSATILITY & SIGNIFICANTLY HIGHER FINANCIAL YEILDS IN THE FUTURE WHEN THE CURRENT AFFORDABLE HOUSING USE, WITH 100% PROPERTY TAX EXEMPTION, MAY BE DISCONTINUED AND ALLOW FOR MULTIPLE OTHER OPTIONS....CALL BRUCE LUDKA FOR MORE INFORMATION.
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Property Features
- Age: 41-50 Years Old
- Exterior Type: Vinyl Siding
- Exterior Type: Wood Frame
- Floor Covering: Vinyl
- Floor Covering: Laminate
- Floor Covering: Carpet
- Heating System: Baseboard
- Heating System: Hot Water(Heating)
- Heating System: Natural Gas
- MLSID: 1660908
- Roof Type: Shingle
- Rooms: Basement
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