Price Reduced 13.54%

$415,000

Est. Mortgage $0/mo *

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Price History

$480,000
10/2/2024

$472,000
11/2/2024

$415,000
11/14/2024

68 Howe Street, Lewiston, ME, 04240

68 Howe Street, Lewiston, ME, 04240
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5 Full baths

1866

Multi-Level

4,811 sqft

Exceptional Cash Flow Property with Major Upgrades! 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!

Status:

Active

Type:

Multi-family

Units:

5

Zoning:

DR

Heating:

Hot Water, Baseboard

Cooling:

None

Basement:

Full, Interior Entry, Unfinished

Parking:

No Driveway, None

Acreage:

0.07

Est. Taxes:

$3,536

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Right of Way, Intown, Near Shopping

MLS #:

1605669

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Maine Source Realty