172 Blake

Property Description:

This high quality portfolio in the fastest growing Southern Maine investment market contains 58 units in 11 buildings, centrally located in the Downtown area and in close proximity to one another. Very strong rental income with historic vacancy and delinquency rates near zero. All buildings have parking; most units have had significant upgrades and some have been renovated from the studs-in. Some of the recent improvements include heating systems, plumbing, wiring, insulation, decking and cabinetry. This portfolio has been operated by an extremely hands-on owner/manager, which is evident in the care of the buildings and the tenants. Fantastic opportunity to land a large, turnkey and profitable portfolio in this up-and-coming market. Property addresses and unit counts as follows: 172-176 Blake St – 15 units, 228 East Ave – 6 units, 167 Pine St – 6 Units, 215-217 Blake St – 5 units, 809 Sabattus St – 4 units, 53 Maple St – 4 Units, 119-121 Pierce St – 3 Units + SFH, 39 Howard St – 3 units, 166 Blake St – 3 units, 174 Bartlett St – 3 units, 487 Main St – Commercial Space + 1 Residential unit ********