100 apartments. Three towns. Twenty-one buildings.
All of it in Southern Maine. We own every building, we take care of the work, and we know each one by its street address.
100
Apartments
3
Towns: Hollis, Sanford, Limerick
21
Buildings
2015
Owning in Maine since
Where we own
- Hollis63 apartments · 12 buildings
- Sanford25 apartments · 5 buildings
- Limerick12 apartments · 4 buildings
All three towns are in York County. Hollis is about 35 to 40 minutes from downtown Portland and about 25 to 30 minutes from I-95 (Maine Turnpike) at Saco or Biddeford. Map is a simplified sketch, not to survey scale.
Hollis
Five properties on 164 acres of Hollis woods, built 1983 to 1988, plus a 1970 building at Muddy Brook fully rehabbed in 2015. Nearly every apartment is a two-bedroom. About 35 to 40 minutes to downtown Portland and 25 to 30 minutes to I-95 (Maine Turnpike) at Saco or Biddeford.
| Property | Built | Apts |
|---|---|---|
| Clark’s Mills | 1986–88 | 17 |
| Saco River | 1984 | 14 |
| Countryside | 1988 | 13 |
| Hilltop | 1983 | 12 |
| Muddy Brook | 1983 and 1970 (full rehab 2015) · includes a house with an attached apartment | 7 |
| Total | 63 |
The five properties · aerial, winter
Value added · Hollis
$899K
invested in capital improvements since we bought it
Acquired May 2019
Average rent
What we did
- Repaving and new roofs.
- Apartment interiors as they turn over: flooring, cabinets and plumbing.
- In 2026: egress windows, insulation, and a new dormer at the Muddy Brook house.
Sanford
Five in-town buildings from the early 1900s, with porches and boilers to match. Old buildings need steady work, and they get it. All 25 apartments are rented today.
| Building | Notes | Apts |
|---|---|---|
| 33 Prescott St | Boiler 2014 | 8 |
| 43 River St | Renovated 2016 | 6 |
| 9 Bodwell St | New boiler online April 2026 | 6 |
| 41 River St | Renovated 2019 | 3 |
| 18 Cottage St | New roof 2024 | 2 |
| Total | 25 |
Value added · Sanford
$178K
invested in capital improvements since we bought it
Acquired April 2022
Average rent
What we did
- New boiler at 9 Bodwell, online April 2026.
- New roof at 18 Cottage.
- Flooring and kitchen upgrades as apartments turn over.
- All 25 apartments rented as of October 6, 2026.
Limerick
A small York County village. Three buildings on Maple Street and one on Washington. We bought 18 Maple in 2015 and the other three in 2019. Two of the Maple Street houses date to 1930.
| Building | Notes | Apts |
|---|---|---|
| 18 Maple St | Bought 2015 | 6 |
| 36 Maple St | Built 1930 · bought 2019 | 2 |
| 44 Maple St | Built 1930 · bought 2019 | 2 |
| 129 Washington St | Bought 2019 | 2 |
| Total | 12 |
Value added · Limerick
$49K
invested in capital improvements since 2024
Acquired 2015 and 2019
Average rent
What we did
- New siding at 44 Maple.
- New boiler at 18 Maple.
- Flooring upgrades at 18 Maple and 44 Maple.
Realized
Sanford Portfolio II
Sold20 apartments · 9 properties · Sanford, ME
Bought
April 2022
Sold by
January 2023
All capital back plus 36% — in 9 months.
9 months
from purchase to sale
1.36x
equity multiple in 9 months
47%
IRR to investors
$805K
returned to investors on $592,500 invested
We bought 20 apartments across nine Sanford properties, improved them, and sold them at a profit in 9 months. Investors got all of their capital back plus 36%.
Want the numbers behind these doors?
Partners get a two-page letter every quarter: income, expenses, cash flow and what we paid out.