Under $200K Investment Properties for Sale in Sullivan, ME
277- 2 Bed
- 2 Bath
- 920 sft
407- 3 Bed
- 3 Bath
- 2250 sft
281- 6 Bed
- 3 Bath
- 1700 sft
452- 1 Bed
- 1 Bath
- 350 sft
Why Invest in Sullivan, Maine?
Investing in Sullivan, ME properties under $200k offers a strategic entry point into Maine's growing real estate market. The area boasts a solid average ROI around 7%, with rental yields near 6%, supported by a cap rate of approximately 5%. Investors benefit from stable cash flow averaging $700 monthly and consistent property appreciation of 3%. With about 55% renter occupancy, Sullivan presents opportunities for sustainable rental demand backed by local economic growth.
Frequently Asked Questions
Properties under $200k in Sullivan typically include single-family homes and small multifamily units, ideal for first-time investors or those seeking rental income. These homes often require moderate updates but offer solid long-term value.
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