Hollis Apartment Portfolio FOR SALE


Hollis Center, ME
$10,650,000 USD
207-544-4100
, Hollis Center, ME for Sale
$10,650,000 USD
FOR SALE
1/11
null | 7.63% Cap Rate

Hollis Apartment Portfolio
Hollis Center, ME


HIGHLIGHTS

  • Six-property, 12-building, 63-unit multifamily portfolio in Hollis, Maine.
  • Located 20–25 minutes from Portland and near I-95, ensuring regional accessibility.
  • 85%–90% of units renovated; recent upgrades include kitchens, flooring, paint, and new roofs (2022).
  • Positioned in a supply-constrained market with strong rental demand and limited new construction.
  • Current management available to stay on, simplifying ownership transition.
  • Diverse yet uniform unit mix (1BR, 2BR, 3BR) appealing to Southern Maine renter profile.

OVERVIEW

The portfolio comprises (2) one-bedroom, (60) twobedroom, and (1) three-bedroom townhouse-style units, featuring a well-balanced mix of layouts designed to meet a broad range of renter needs in Southern Maine. Highly uniform townhouse design reduces operational complexity (standardized finishes, mechanicals, and unit layouts). *Current management willing to stay on Attractive basis in a supply-constrained York County rental market with solid household incomes and limited competing rental stock 85% to 90% of the units have been rehabbed with new kitchens, flooring, paint, carpeting, etc., while all the properties feature newer metal roofs (2022) and pavement among other CapEx items.

ASK ABOUT THIS PROPERTY

Noah StebbinsThe Boulos CompanyMore Info
207-544-4100

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Noah StebbinsThe Boulos CompanyMore Info
207-544-4100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.