19 W EAGLE AVENUE, Eagle Lake, ME, 33839 | $990,000

** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property located on a large corner lot in Eagle Lake. The property consists of 7 apartment units and 1 detached single-family home, offering versatile rental options for steady cash flow. Built with a combination of concrete block and wood frame, this property underwent a complete renovation with a NEW roof in 2022, all new electrical, all new plumbing (CPVC & PEX), luxury vinyl plank (LVP) flooring, new appliances, countertops, tankless 30-gallon water heaters, and fresh interior/exterior paint. Every system and finish has been modernized to minimize maintenance and maximize return. This property has a proven rental history, leasing quickly due to its quality updates and prime location. Investors will also appreciate the opportunity to purchase it as part of a larger portfolio consisting of two additional single-family homes, totaling 10 units across 3 parcels.
With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2, 000, this property presents a rare chance to secure a total $73, 000 NOI at a 7. 29 cap rate for 8 units - due for 2026 rent increases for an extra $6, 000 NOI. Other properties included in the optional portfolio: 652 N Jackson St. Don’t miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Florida’s fastest-growing rental markets.

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