48 Unit residential rental portfolio - Central Maine / 8% cap

[Kenneth LaVoie]

My wife and I are considering retirement and have a 48 unit residential rental real estate portfolio located in Waterville-Winslow Maine to sell. It is well run, stable, and cash flows nicely.

Waterville Maine is home to Ivy League Colby College, Thomas College, a thriving downtown, and first rate medical center.

More details (including lists of upgrades, photos and financial data) can be found at www.realestateme.com and I can be reached at (207) 873-9321 or [email protected]

We are offering a negotiable “finders fee” for any referrals leading to a sale.

Highlights:

• 11 Buildings / 48 units / 2 mile radius / Waterville & Winslow Maine
• Projected return on investment of 14% - 30% (varies by building)
• 8% Cap Rate (Approximate)
• Temporary lowered price. We will be increasing price in 2015
• Turnkey "package deal" or will separate
• Good mix of buildings: 1-11 units each.
• Some buildings in "path of progress" (see website)
• $358,500 gross income w/upward potential
• Lots of improvements, weatherization & energy upgrades
• All buildings passed radon tests (good for 10 years!)
• $2,452,500 asking price (small amount of wiggle room)
• Complete managment & maintenance team in place
• Open to creative, serious offers.
• We will continue to manage the portfolio for a pre-determined amount of time if need be.

Kenneth F. LaVoie III

207-873-9321

[email protected]

skype: hotwired99