00 Park St

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00 Park St

Orono, ME 04773
Asking Price
$900K
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Fully positioned development site for 30 spacious 2–3BR units in a growing Maine submarket. <p><strong>Purpose-Built Student Housing Opportunity</strong></p><p>Demand for quality off-campus housing in Orono remains strong, driven by sustained enrollment, limited new supply, and a renter base seeking upgraded living environments beyond traditional student housing stock.</p><p><strong>Proximity to Campus (Walk/Bike Accessible)</strong></p><p>The site’s close proximity to the University of Maine creates a compelling leasing advantage, offering residents convenient access to campus, downto

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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.709
Annual Cash Flow
$26,567.493

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