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Christopher Underwood
Pro Member
  • Investor
  • Portland, ME
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10 units Biddeford Maine

Christopher Underwood
Pro Member
  • Investor
  • Portland, ME
Posted Oct 15 2018, 13:54

Value add opportunity.

Two 5 unit buildings. 650k

Fully occupied undermarket rents. Opportunity to renovate, increase rents to market.

Building 1

Five (1 Br) units $650-750 current rents. Market supports $750-$1025 per one bedroom

  • Taxes $3,146
  • Water $326.71
  •  Sewer $847.74
  • Insurance $1,202
    CMP $181
  • Oil $3,542.36 (1,495.3 gallons).

Building 2

Two (1Br) units $600 current rents. Market supports $750-$1025 per one bedroom

Two (2 Br) Units $800 current rents. Market supports $1000-$1200

One (3 Br) unit $700 current rent. Market supports $1200-$1600

  • Taxes $4,413
  • Water $547
  • Sewer $1,380
  • Insurance $2,003
  •  CMP $564,
  • Oil $4,790.59 (2,022.2 gallons).

Please email [email protected] if interested.

Offering

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