280 Pine St, Lewiston, ME 04240
- $495,000
- 3
- BA
- 5,355
- SqFt
Listing courtesy of Maine Source Realty.
- List Price
- $495,000
- MLS#
- 1680737
- Status
- ACTIVE
- Type
- Multifamily
- City
- Lewiston
- County
- Androscoggin
- Bathrooms
- 3
- Living Area
- 5,355
- Acres
- 0.15
- Year Built
- 1922
Property Description
INVESTMENT OPPORTUNITY IN LEWISTON! Discover the potential at 280 High St, a three-unit multifamily property offering an excellent opportunity for investors seeking strong rental income and additional upside. The property features three fully occupied spacious 3-bedroom+ units, each currently renting for $2,000+ per month, producing $72,000+ in gross annual rental income. Each unit offers the convenience of dedicated laundry, along with its own covered porch. The property also includes a separate maintenance unit/storage area with a bathroom, offering additional utility and flexibility for ownership or property operations. The property does need some TLC, including vinyl siding repairs and remodeling, making this an attractive opportunity for an investor looking to improve the property and add value while maintaining an established income stream. With strong rents, multiple bedrooms per unit, dedicated laundry, covered porches, and additional storage space, 280 High St offers a compelling combination of current cash flow and future potential. Bring your vision and capitalize on the opportunity to improve and maximize this Lewiston multifamily property. *Property is being sold as-is and likely does not qualify for some loan types in its current condition. Interior photos were taken a year ago prior to currant tenancy.
Additional Information
- Living Area
- 5,355
- Electric
- On Site, Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Full, Brick/Mortar
- Cooling
- None
- Year Built
- 1922
- Acres
- 0.15
- Roof
- Flat, Membrane
- Foundation
- Poured Concrete, Brick/Mortar
- Style
- Other
- Courtesy Of Listing Office
- Maine Source Realty
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