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Open House Times
- Sat. Apr. 04 at 1:00pm to 2:30pm
About the Listing 2742 - 017582,024740
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 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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
1655365
Year Built
1886
Total Square Footage
6,240
Lot/Acreage
0.1
County
Androscoggin
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Zoned,Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 6240
- Below Ground Sq Ft: 0
- Basement: Interior,Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Sidewalks,Intown,Neighborhood,Near Public Transit
- Garage Capacity: N/A
- Zoning: CV
- Roof: Flat,Shingle,Tar/Gravel
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Gravel
Financial Details
- Tax Amount: $4,339
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
12-14 College St Lewiston, ME 04240
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