Property Description

This property is a fully occupied 8-unit investment opportunity situated on approximately 17 acres. It consists of three residential buildings: two duplexes and one four-unit building, offering a well-balanced mix of spacious two-bedroom apartments in a desirable Southern Maine location.Each duplex contains two-bedroom, one-bath units of approximately 1,100 square feet per apartment. All duplex units include full, separate basements with individual laundry. The four-unit building is made up of two-bedroom units with one and one-half baths, each offering approximately 1,200 square feet, along with full basements and separate laundry for each unit.All units are currently occupied. There are no fixed-term leases in place, as all residents are tenants at will. Existing rents range from approximately $1,600 to $1,700 per month, which appears to be below prevailing market levels for two-bedroom rentals in Eliot. Recent public rental listings and market trackers show two-bedroom asking rents in Eliot commonly around $1,975 and in some cases as high as $2,700, suggesting meaningful upside potential through future rent adjustments as units turn over.

Property Features