$669,900
Located in Lewiston, this well-maintained 6-unit multifamily property presents a strong opportunity for investors seeking immediate cash flow and long-term stability. The building has undergone significant upgrades, including new siding, a new furnace, and cosmetic improvements across all units. Currently profitable with a high cap rate, this asset stands out… Read More as a solid buy-and-hold investment in today's market. Two units are currently vacant with leasing, making the property easy to show. Once those units are leased, the monthly rent roll will exceed $9,000. The property is professionally managed by Simplified Management and management is willing to continue services for the new owner if desired. With major systems already updated and income potential in place, this is an attractive, turnkey investment opportunity for anyone looking to get started or add to an existing portfolio. Read Less
Courtesy of EXP Realty 888-439-8743
Listing Snapshot
Days Online
60
Last Updated
Full Baths
6
Square Ft.
6,240
Lot Size
0.1 Acres
Year Built
1886
MLS Number
1655365
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 6,240, Construction Materials: "Wood Frame", "Asbestos", Number Of Units Total: 6, Year Built: 1886, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $43,000
Floors
Flooring: "Carpet", "Tile", "Vinyl", "Wood"
Foundation
Foundation Details: "Brick/Mortar"
Heating
Heating: "Gas Natural", "Hot Water", "Zoned", Heating Included
Income
Gross Income: $100,000
Lot
Features: "Level", "Sidewalks", "Intown", "Neighborhood", "Near Public Transit", 0.1 acres, Area: 0.1, 4,356 square feet
Parking
Features: "Gravel", "1 - 4 Spaces"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Parcel Number: LEWI-000195-000000-000485, Zoning: CV
Roof
Roof: "Flat", "Shingle", "Tar/Gravel"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $4,339, Tax Lot: 485
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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