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Hollis Apartment Portfolio 6 Properties Offered at $10,650,000 in Hollis Center, ME
Investment Highlights
- Six-property, 12-building, 63-unit multifamily portfolio in Hollis, Maine.
- 85%–90% of units renovated; recent upgrades include kitchens, flooring, paint, and new roofs (2022).
- Current management available to stay on, simplifying ownership transition.
- Located 20–25 minutes from Portland and near I-95, ensuring regional accessibility.
- Positioned in a supply-constrained market with strong rental demand and limited new construction.
- Diverse yet uniform unit mix (1BR, 2BR, 3BR) appealing to Southern Maine renter profile.
Executive Summary
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.
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.
Property Facts
| Price | $10,650,000 | Number of Properties | 6 |
| Price / SF | $150.00 / SF | Individually For Sale | 0 |
| Cap Rate | 7.63% | Total Building Size | 70,999 SF |
| Sale Type | Investment | Total Land Area | 150.77 AC |
| Status | Active |
| Price | $10,650,000 |
| Price / SF | $150.00 / SF |
| Cap Rate | 7.63% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 70,999 SF |
| Total Land Area | 150.77 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 0 Bar Mills Rd, Hollis Center, ME 04042 | Land | 0.52 AC | - | - |
| 277 Little Falls Rd, Hollis Center, ME 04042 | Multifamily | 20,000 SF | 1985 | - |
|
Hilltop Apartments
840 Hollis Rd, Hollis Center, ME 04042 |
Multifamily | 20,000 SF | 1985 | - |
| 270 Bar Mills Rd, Hollis Center, ME 04042 | Multifamily | 20,000 SF | 1984 | - |
| 16 Muddy Brook Rd, Hollis Center, ME 04042 | Multifamily | 10,000 SF | 1985 | - |
| 98 Bean St, Hollis Center, ME 04042 | Multifamily | 999 SF | 1983 | - |
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