50 Knox ST Pending Save Request In-Person Tour Request Virtual Tour
Lewiston,ME 04240
Key Details
Property Type Multi-Family
Listing Status Pending
Square Footage 10,265 sqft
Price per Sqft $51
MLS Listing ID 1601822
Style Multi-Level
Full Baths 8
Year Built 1881
Annual Tax Amount $3,141
Tax Year 2023
Lot Size 5,662 Sqft
Property Description
SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains.
Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)
Location
State ME
County Androscoggin
Zoning DR
Interior
Heating Multi-Zones,Hot Water,Baseboard
Cooling None
Flooring Vinyl,Tile
Exterior
Garage 5 - 10 Spaces,Paved,Common,Off Street,On Street
Waterfront No
View Y/N No
Roof Type Flat
Building
Lot Description Level,Sidewalks,Intown
Sewer Public Sewer
Water Public
Structure Type Asbestos,Wood Frame