ME > Lewiston
Lewiston, ME 04240,50 Knox ST
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Lewiston, ME 04240,50 Knox ST
Lewiston, ME 04240,50 Knox ST
Lewiston, ME 04240,50 Knox ST
Lewiston, ME 04240,50 Knox ST
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The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500
Listed by Keller Williams Realty
$ 525,000
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Pending

50 Knox ST Lewiston, ME 04240

8 Baths

10,265 SqFt

UPDATED:

10/10/2024 12:33 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Square Footage 10,265 sqft

MLS Listing ID 1601822

Style Multi-Level

Full Baths 8

HOA Y/N No

Abv Grd Liv Area 10,265

Originating Board Maine Listings

Year Built 1881

Annual Tax Amount $3,141

Tax Year 2023

Lot Size 5,662 Sqft

Acres 0.13

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

Rooms

Basement Dirt Floor, Full, Interior Entry, Unfinished

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

Garage No

Building

Lot Description Level, Sidewalks, Intown

Sewer Public Sewer

Water Public

Architectural Style Multi-Level

Structure Type Asbestos,Wood Frame

Others

Restrictions Unknown

Energy Description Gas Natural

Maine MLS (MREIS) IDX

The Scoville Foley Team

+1(207) 885-0500

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