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Maine

Updated 5/18/2012
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Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
 South Portland
96 unit
10.5M
85% Financing Available
NOI=$735
109,375
Summit Terrace is a packaged offering consisting of 96 garden style, two-bedroom apartments on 6.98 acres of land. An abutting 7.76 acre land parcel can be made available for an additional $2,000,000. The units are situated in eight separate buildings with 12 units per building. All exterior construction is brick, masonry and stucco. The interiors are constructed of drywall over concrete block and double insulated for maximum efficiency. The property has an office building with storage and separate parking to accommodate the administrative and management needs of the facility. The buildings are in excellent condition.
Greg Boulos 207-772-1333
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