Sanford, Maine – July 25, 2024 – Andy Yau, a top 7 New Hampshire realtor recognized by Fast Expert, is proud to present a stunning triplex in Sanford, Maine, priced at $599,900. This is the opportunity everyone has been waiting for – an unbelievable rare current cap rate over 10%. Cash flow, cash flow, cash flow!
“Welcome to the triplex that stands out in today’s market,” says Andy Yau. “With modern updates and an ideal layout, this property offers exceptional living spaces and investment potential.”
Each unit in this triplex features new electrical, heating, and plumbing systems, ensuring modern functionality and comfort. The interiors are updated with new luxury vinyl flooring, recessed lighting, and renovated bathrooms and kitchens. The ideal layout provides comfortable and efficient living, complemented by scenic balcony views from each unit. With separate utilities and new windows, this triplex ensures low expenses and peace of mind. The excellent curb appeal is highlighted by a young roof and sharp siding. Perfectly positioned within walking distance to the picturesque Mousam River, this triplex combines location, modern updates, and excellent cash flow.
The timing couldn’t be better for this listing. Home prices in Maine have risen 6.4% year over year ending June 2024. Meanwhile, the average 30-year mortgage rate has dropped to a four-month low of 6.77%, ahead of a key Federal Reserve meeting expected to hint at a rate cut in September. These lower mortgage rates are likely to attract more buyers into the market, making inventory even scarcer in Maine.
“With the anticipated rate cuts and increasing demand, now is the perfect time to invest in a multifamily property,” Yau adds. “It’s a unique opportunity to secure a high-performing asset in a competitive market.”
Given its exceptional features and prime location, this triplex is expected to move quickly.
Interested buyers are encouraged to schedule a tour and experience firsthand the blend of modern living and investment potential this property offers.
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Company Name: Andy Yau- RE/MAX Shoreline
Contact Person: Andy Yau
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Country: United Kingdom
Website: www.Andycyau.com