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Northeast Maine MHC Portfolio

$3,500,000 USD

Multifamily For Sale  •  24,711 SF

3 Properties View all

Property Details

  • Property Type Multifamily
0 Transit Score
1 Walk Score

Highlights

The Northeast Maine MHC portfolio offers in place cash-flow with significant room for upside through occupancy and rate increases.
Currently occupied sites are on average 13%+ below market rents.
More than $2.7 million in infrastructure improvements over the last 2 years, with emphasis on water and sewer line replacements.
Infilling additional homes will drive significant revenue expansion while driving down the expense ratio.
Caribou & Salmon MHC are located within 15 minutes of each other and Houlton is just 60 miles south providing an efficient management opportunity.
Salmon Brook MHC is located in an opportunity zone which adds upside in the supply constrained market of Northern Maine.

Property Flyers

Mike Nissley 770-933-8585 Colliers Manufactured Housing & RV Group
Mike Nissley 770-933-8585 Colliers Manufactured Housing & RV Group