$575,000
Excellent investment opportunity in the heart of downtown Lewiston! This fully occupied 6-unit multifamily is located in a federally designated Opportunity Zone, which may offer significant tax advantages for long-term investors—verify with your CPA. The property features four 2-bedroom units and two 1-bedroom units, offering a solid unit mix for… Read More consistent rental income. Over the past four years, the current owners have invested more than $100,000 in updates, transforming the building from a distressed asset into a well maintained and stabilized investment. With strong professional management already in place, this is a true turnkey property, ideal for 1031 exchange buyers or those seeking to start or expand their portfolio. Lewiston's multifamily market is highly competitive, with few large multi-units properties available. Don't miss your chance to acquire a solid asset in one of Maine's fastest-moving rental markets. Schedule your private showing today. Group showing on Thursday, August 14th from 12pm to 2pm. Read Less
Courtesy of EXP Realty 888-439-8743
Listing Snapshot
Days Online
207
Last Updated
Full Baths
6
Square Ft.
6,936
Lot Size
0.11 Acres
Year Built
1901
MLS Number
1633697
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Brick/Mortar", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 6,936, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 6, Year Built: 1901
Cooling
Cooling: "None"
Expenses
Operating Expense: $27,024
Floors
Flooring: "Wood", "Vinyl", "Carpet"
Foundation
Foundation Details: "Brick/Mortar"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $75,264
Lot
Features: "Open", "Neighborhood", 0.11 acres, Area: 0.11, 4,792 square feet
Parking
Features: "1 - 4 Spaces", "Paved"
Property
Parcel Number: LEWI-000195-000000-000537, Zoning: DR
Roof
Roof: "Flat", "Membrane"
Sewer
Sewer: "Private Sewer"
Taxes
Annual Amount: $4,346, Tax Lot: 537
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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