217 HOULTON RD PRESQUE ISLE ME 04769-5314

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217 HOULTON RD PRESQUE ISLE ME 04769-5314

PRESQUE ISLE, ME 04769-5314
Asking Price
$345K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Presque Isle.
  • Located at 217 Houlton Rd within the Maine market.
  • Property is currently offered at an asking price of $345,000.
  • Regional hub supporting various sectors including agriculture and local education.
  • Strategically positioned for investors targeting northern Maine residential assets.

What's Special

This multifamily apartment building at 217 Houlton Rd in Presque Isle, Maine, presents an acquisition opportunity in the heart of Aroostook County. The property is positioned within a community known for its steady regional economy and role as a hub for northern Maine commerce and education. Investors seeking to expand their residential holdings will find this asset well-suited for a variety of rental strategies, capitalizing on local housing demand from students and professionals alike. Presque Isle benefits from its established infrastructure and connectivity, serving as a central point for those working in the healthcare, agricultural, and academic sectors of the state. The building structure facilitates straightforward property management, making it an efficient addition to an existing income-producing portfolio. Prospective buyers looking for a stabilized asset in this growing submarket will find this location provides consistent access to regional amenities and essential transit routes throughout the immediate vicinity.

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NOI
$80,000
Cap Rate
23.19%
DSCR
3.91
Strong
Cash-on-Cash
57.50%
Monthly Payment
$1,706.872
Annual Cash Flow
$59,517.539

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