$475,000
Unlock strong cash flow and value with this well-located 6-unit multifamily in the heart of Lewiston. Priced at $475,000, this property features three 2-bedroom units and three 1-bedroom units, offering a solid rental mix and consistent demand. The building is income-producing from day one, giving the next owner an… Read More immediate return. While the property could use some cosmetic updates and attention to the front porch beams, it's priced accordingly—creating an excellent value-add opportunity with room to increase income and equity quickly. Conveniently positioned near downtown amenities, public transit, and local employers, this property is an ideal fit for both new and experienced investors. Read Less
Courtesy of The Flaherty Group 207-221-8585
Listing Snapshot
Days Online
17
Last Updated
Full Baths
6
Square Ft.
4,440
Lot Size
0.11 Acres
Year Built
1921
MLS Number
1643787
Additional Details
Lot
0.11 acres, Area: 0.11, 4,792 square feet, Features: "Sidewalks", "Intown"
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 4,440, Construction Materials: "Asbestos", "Wood Frame", Number Of Units Total: 6, Year Built: 1921, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $15,830
Floors
Flooring: "Carpet"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $75,720
Owner Pays
Owner Name: Clayton E Weed
Parking
Features: "1 - 4 Spaces", "Other"
Property
Parcel Number: LEWI-000195-000000-000146, Zoning: 524
Roof
Roof: "Membrane"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $4,199, Tax Lot: 146
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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