80 Elm St 88 Waterville, ME 04901

This exceptional investment package in Waterville, Maine presents a compelling opportunity for value-add investors. Located at 80 Elm St, 04901, this property encompasses four buildings totaling 16,307 square feet on a 0.89-acre lot. The core of the offering is a 23-unit apartment building, featuring 24 beds (21 one-bedroom units and 1 two-bedroom unit), ideal for students given its proximity to Colby College and vibrant Main Street. Adding significant income potential is a separate 22-unit self-storage facility and a laundromat building, both currently leased to an operator. Built in 1900, the property boasts a strong current performance, exhibiting a 12.59% capitalization rate and a net operating income (NOI) of $163,713. The asking price is $1,300,000. The property is zoned CA, offering potential for future development or expansion. This is a rare chance to acquire a well-positioned multifamily and self-storage portfolio in a thriving Maine community. The combination of strong cash flow, value-add potential, and prime location makes this an attractive investment prospect with significant upside.