Listed by Elevate Maine Realty - Tyler Stewart
$330,000
39 Carlton Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,859
Units 6
Cap Rate 0.87%
NOI $2,871
Occupancy 66%
Pro-Forma Cap Rate 7%
Pro-Forma NOI $23,109
Price per SqFt $115
Class C
Year Built 1920
Stories 3
Multifamily | 6 Units | $55,000/unit
Marketing description
Six-unit multifamily property comprised entirely of one-bedroom apartments. The building offers efficient layouts and consistent rental demand. Current vacancies are rent-ready, with remaining occupancy subject to the completion of an eviction, allowing a clear path toward stabilization. A furnace replaced in 2018 supports reliable operation and reduces near-term capital requirements. A solid multifamily opportunity offering operational flexibility and upside through lease-up and rent optimization.
Listing Contacts
Listed by Elevate Maine Realty - Tyler Stewart
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,871.00
$239.25/mo
Valuation Metrics
0
DSCR
0.87%
Cap Rate
0.87%
ROI
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