Bought with Dream Home Realty LLC
$575,000
$625,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "