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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Wells, ME
Listed for sale 5 days ago
$ 460,000
ROI
20.4
Cash Flow/m
87- 3 Bed
- 2 Bath
- 1519 sft
Lot 106 Patriot Place #106, Wells, ME, 04090
Listed for sale 6 days ago
$ 460,000
ROI
20.4Cash Flow/m
87- 3 Bed
- 2 Bath
- 1519 sft
Lot 88 Patriot Place #88, Wells, ME, 04090
Currently Rented
$ 220,000
ROI
20.4Cash Flow/m
40- 1 Bed
- 1 Bath
- 592 sft
9 Bourne Avenue #B6, Wells, ME, 04090
Rental Income
$ 315,000
ROI
23.9Cash Flow/m
366- 2 Bed
- 2 Bath
- 960 sft
1351 Post Road #49, Wells, ME, 04090
Why Invest in Wells, Maine?
Wells, ME offers strong potential for condo investors seeking stable returns in a coastal market. With average home values around $540k and 4.4% annual appreciation, condos provide accessible entry into this appreciating area[1]. Rental yields average 5-6% amid rising demand from tourists and remote workers. Cap rates hover at 6%, supported by low vacancy and steady cash flow from seasonal rentals. Maine's market remains stable with modest growth projected through 2026[2].
7.2%
Avg. ROI
5.8%
Rental Yield
6.1%
Cap Rate
$18500/mo
Avg. Cash Flow
$1950/mo
Avg. Rent
4.4%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 6% and appreciation matching 4.4% home value growth. Seasonal tourism drives demand. Stable Maine market supports long-term holds.
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