Listed by The Boulos Company Portland
$1,100,000
1294 U.S. Route One
Details
APN 018-043
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,855
Units 6
Beds 10
Cap Rate 7.58%
NOI $83,355
Occupancy 100%
Tenancy Multi
Year Built 1940
Buildings 1
Stories 1
Acreage 0.600
Zoning Medium Density B
Investment Type Stabilized
Ownership W Squared Property Group, LLC
Turnkey Multifamily | 7.58% CAP | 6 Units
Marketing description
- Rare 6-unit multifamily investment property, offering convenient access to downtown Freeport while located directly off US Route 1, minutes from I-295
- Unit Mix: Two (2) 1 BR units & four (4) 2 BR units (separately metered electric)
- Recent improvements include insulation in attic, basement, & utility rooms, two (2) Brancato boilers, a water filtration system, rewired service panel on exterior/interiors for each unit, and new decks.
Investment highlights
- Sale Price: $1,100,000
- Sale Price/Unit: $183,333.00/unit
- Cap Rate: 7.58%
Listing Contacts
Listed by The Boulos Company Portland
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$83,355.27
$6,946.27/mo
Valuation Metrics
0
DSCR
7.58%
Cap Rate
7.58%
ROI
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