Catylist ID:
#30861959
Houlton Single-Family Rental Portfolio For Sale
Multi-Family
for Sale
| Catylist Listing ID: | 30861959 |
| Number of Units: | 5 Units |
| Building Size (RSF): | 2,189 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $405,000 |
| Unit Price: | $81,000 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 9.45% |
| Last Updated: | 4/5/2024 |
Overview / Comments
|
We are pleased to present an exceptional investment opportunity in the picturesque town of Houlton, Maine. This exclusive offering includes a portfolio of five beautifully maintained single-family rental properties, each boasting its own unique charm and character, now available at a 8.61% cap rate. Key Features: Strong Rental History: Each property in this collection has a proven track record of strong rental performance, demonstrating consistent demand and tenant satisfaction. Low Vacancy Rates: These homes have enjoyed low vacancy rates, a testament to their desirability in the Houlton rental market. This is indicative of a stable income stream for the prospective investor. Location: Situated in Houlton, a town known for its welcoming community and scenic beauty, these properties offer tenants a blend of peaceful living and convenience. Houlton is renowned for its quality of life, offering easy access to local amenities, outdoor recreation, and community events. Turnkey Investment: This portfolio represents a turnkey investment opportunity, ideal for both seasoned investors and those new to real estate. With properties already occupied and generating income, the transition to new ownership will be seamless. Investment Benefits: Stable Income Potential: With a history of strong rental performance and low vacancy rates, these properties offer a reliable and stable income stream. Growth Potential: Houlton's growing appeal as a residential destination suggests potential for rental growth and property value appreciation. |
Additional Details
| Nearest MSA: | Bangor |
| County: | Aroostook |
| Tax ID/APN: | 1 |
| Zoning: | LOW DENSITY RESIDENTIAL, GENERAL RESIDENTIAL, RESIDENTIAL BUSINESS |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,063 | 6,123 | 6,123 |
| Median Age: | 39.48 | 42.88 | 42.88 |
| Households: | 873 | 2,556 | 2,556 |
| The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
