Listed by Elevate Maine Realty - Tyler Stewart
$645,000
16 & 53 Osgood Avenue Mexico, ME 04257-1442
Details
APN MEXI-000020-000000-000071
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,809
Units 11
Cap Rate 8.07%
NOI $52,078
Pro-Forma Cap Rate 11.6%
Pro-Forma NOI $74,823
Class C
Year Built 1930
Zoning Residential
Multifamily | 11 Units
Marketing description
Two-building investment package in Mexico offering 11 total units with proven rental history and clear value-add potential. The portfolio includes a 5-unit at 16 Osgood Avenue and a 6-unit at 53 Osgood Avenue, featuring a desirable mix of six one-bedrooms, four two-bedrooms, and one four-bedroom. Current rents are below market, presenting a strong opportunity to increase income through rent adjustments and operational improvements. A compelling acquisition for investors seeking both in-place cash flow and meaningful upside.
Listing Contacts
Listed by Elevate Maine Realty - Tyler Stewart
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,078.00
$4,339.83/mo
Valuation Metrics
0
DSCR
8.07%
Cap Rate
8.07%
ROI
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