68 Howe ST Lewiston, ME 04240
5 Baths
4,811 SqFt
UPDATED:
11/14/2024 12:13 PM
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,811 sqft
MLS Listing ID 1605669
Style Multi-Level
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 4,811
Originating Board Maine Listings
Year Built 1866
Annual Tax Amount $3,536
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year.
Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures.
Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns!
Key Features:
2 x 2-bedroom units, 3 x 1-bedroom units
Gross income: $66,000/year
Net income: More than $50,000/year
New roof and efficient heating systems (3 years old)
Natural gas heating and hot water
Fully occupied with stable tenants
Invest now and start earning immediate cash flow!
Location
State ME
County Androscoggin
Zoning DR
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Vinyl, Other
Exterior
Garage No Driveway, None
Waterfront No
View Y/N No
Roof Type Shingle
Street Surface Paved
Garage No
Building
Lot Description Level, Open Lot, Right of Way, Intown, Near Shopping
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Multi-Level
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural
