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Maine Investment Real Estate

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John Herrigel
207-650-5383
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Maine Investment Overview

Investing in Maine real estate takes time, patience and a good sense of how the numbers work. The first step is determining your target market and then creating a game plan. Be it purchasing an owner occupied duplex, a 3-4 unit multi-unit or a larger commercial property I encourage you to reach out and begin the process by obtaining my Maine Investment package.

arrowRequest a Maine Investors Packet

If you are new to these real estate markets and/or looking to begin your investment career I would welcome the opportunity to help out in your endeavors. I know the Greater Portland real estate market as well as the smaller markets of Bath and Brunswick.

In Portland the largest multi unit investment real real estate market in the state properties continue to sell at a premium although at much more realistic numbers than a year or two prior. Current multi unit inventory levels are around 100 buildings as of Summer 2008 and many opportunities as of late have arisen on the much coveted East End.

In Bath Maine the current inventory of multi unit properties is 23. Your cost per unit is far less, but the rents reflect the lower levels and with landlords paying heat in more cases than naught the market can be difficult to find positive cash flow.

The best approach to any investment real estate market is to get out and look at the inventory of property. Given the smaller size of the Maine invesment markets it is quite easy to explore and investigate the entire supply for a given price range and/or specific criteria. If you are looking to get into the business for the first time or are a seasoned real estate professional looking for property in Maine believe my Maine investors Packet is a great initial tool to get an overview of the select markets. Plesae also feel fre to simply give me a call at 207-650-5383 at anytime.

Here is an overview article I wrote on Investing in Maine Multi Units to provide an overview of what to look for.

Recent In town Portland Maine Multi Unit Housing Statistics

East End
#
Avg List $
Per/Unit
DOM
2 Unit
4
276K
138K
110
3 Unit
7
397K
132K
38
4 Unit
4
421K
105K
41
5 Plus
3
100K
West End
#
Avg List $
Per/Unit
DOM
2 Unit
8
349K
175K
110
3 Unit
5
334K
111K
38
4 Unit
4
414K
104K
41
5 Plus
7
83K

Investment Articles


For more info on Maine Investment Homes visit my partners site www.maine investmenthomes.com

Disclaimer:
“Based on information from the Maine Real Estate Information System, Inc. for the period (2000) through (2008). Provided by an individual user of MREIS. MREIS has not reviewed the contents and does not make any representations, warranties or guarantees regarding the accuracy, timeliness or completeness of any statistical information and data provided.”

 

 


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Green Tree Realty
522 Washington Avenue, Portland, ME 04103
207-772-4242

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