Lewiston, ME 04240,94 College ST
Lewiston, ME 04240,94 College ST
Lewiston, ME 04240,94 College ST
Lewiston, ME 04240,94 College ST
Lewiston, ME 04240,94 College ST
Lewiston, ME 04240,94 College ST
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Listed by Better Homes & Gardens Real Estate/The Masiello Group
Bought with Dream Home Realty LLC

$575,000

$625,000

8.0%
Est.Price: ?

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16 Baths

6,094 SqFt


SOLD DATE : 04/17/2024

Key Details

Sold Price $575,000

Property Type Multi-Family

Listing Status Sold

Square Footage 6,094 sqft

MLS Listing ID 1571325

Sold Date 04/17/24

Style Multi-Level

Full Baths 9

Half Baths 7

HOA Y/N No

Abv Grd Liv Area 6,094

Originating Board Maine Listings

Year Built 1861

Annual Tax Amount $5,580

Tax Year 2022

Lot Size 7,405 Sqft

Acres 0.17

Property Description

Looking for an opportunity to invest in real estate in beautiful Maine? Look no further than this 16-unit property located in a prime location with easy access to all the amenities this charming city has to offer.
For those desiring a bit more of a value add to their investment, there are 4-one-bedroom apartments, that need to be finished, currently they are studded, wired, plumbed w/showers and fire alarm systems. (these 4 units are included in the 16 units) This building offers new vinyl siding, fire escapes, fire alarm panel, wiring, heat sensors, pull stations, a 2018 natural gas boiler and the basement was recently spray foamed for efficiency.

Featuring a diverse selection of units, this property caters to a wide range of tenants. Among the 16 units, you will find seven spacious efficiencies, perfect for those seeking a low-maintenance lifestyle. Additionally, five of these efficiencies are equipped with private bathrooms. The four-1 bedroom units are not finished. The property management company in place would agree to continue to manage the building for added convenience.

Furthermore, the property is ideally situated near both hospitals, schools, local shops, restaurants, and entertainment options, ensuring tenants have everything they need right at their doorstep.

Lewiston, known for its vibrant arts scene, picturesque parks, and rich cultural heritage, offers a unique quality of life that attracts both residents and tourists alike. As Maine's second-largest city, it provides excellent job opportunities and a strong rental demand, making this investment an exceptional opportunity.

Location

State ME

County Androscoggin

Zoning NCA

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Heating Radiator, Hot Water, Baseboard

Cooling None

Flooring Vinyl, Laminate

Fireplace No

Exterior

Garage 1 - 4 Spaces, Paved, On Site, Off Street

Waterfront No

View Y/N No

Roof Type Pitched,Shingle

Street Surface Paved

Porch Porch

Parking Type 1 - 4 Spaces, Paved, On Site, Off Street

Garage No

Building

Lot Description Level, Sidewalks, Intown, Near Shopping, Near Public Transit

Story 3

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Multi-Level

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions Unknown

Security Features Fire System

Energy Description Gas Natural

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Maine MLS (MREIS) IDX
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+1(603) 941-4944

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Brownfield, ME, 04010, United States

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