$480,000

Est. Mortgage $0/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

68 Howe Street, Lewiston, ME, 04240

68 Howe Street, Lewiston, ME, 04240
View larger map Directions

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

Similar Properties

Price Reduced!

$499,000

3 baths

4,062 sqft

21 Bald Hill Road, New Gloucester, ME, 04260

$525,000

3 baths

3,792 sqft

14 Church Street, Sanford, ME, 04073

$525,000

8 baths

10,265 sqft

50 Knox Street, Lewiston, ME, 04240

$495,000

2 baths

3,322 sqft

91 North Main Street, Rockland, ME, 04841

Price Reduced!

$499,900

4 baths

2,184 sqft

42 Destinee Lane, Naples, ME, 04055

$525,000

3 baths

3,088 sqft

22 Country Club Road, Manchester, ME, 04351

Price Reduced!

$495,000

2.5 baths

2,320 sqft

335 Ferry Road, Saco, ME, 04072

$495,000

6 baths

4,400 sqft

20-22 Lee Road, Lincoln, ME, 04457

$450,000

2 baths

2,033 sqft

38 Plymouth Street, Portland, ME, 04103

$525,000

2.5 baths

1,777 sqft

23 Union Street, Saco, ME, 04072

Price Reduced!

$440,000

2 baths

1,792 sqft

108 High Street, #2, Sanford, ME, 04073

$525,000

2 baths

2,060 sqft

132 Beach Street, Saco, ME, 04072

$450,000

2 baths

1,800 sqft

TBD Arch Street, Richmond, ME, 04357

Price Reduced!

$460,000

4 baths

5,420 sqft

146 Sabattus Street, Lewiston, ME, 04240

$450,000

2.5 baths

4,000 sqft

103 Provencher Drive, Limerick, ME, 04048

$495,000

2 baths

1,962 sqft

12 Stockman Avenue, Saco, ME, 04072

New or Coming Soon Properties

$575,000

5 baths

3,926 sqft

199-201 Center Street, Bangor, ME, 04401

New Listing!

$459,000

3 baths

4,209 sqft

487 Court Street, Auburn, ME, 04210

New Listing!

$469,000

2 baths

2,472 sqft

94 Pike Street, Biddeford, ME, 04005

New Listing!

$425,000

2 baths

1,794 sqft

16 Garrison Street, Brunswick, ME, 04011

New Listing!

$485,000

3 baths

3,715 sqft

35 Maple Street, Gardiner, ME, 04345

New Listing!

$489,000

2 baths

1,460 sqft

75 Lyman Street, Westbrook, ME, 04092

New Listing!

$499,000

5 baths

4,514 sqft

430 Court Street, Auburn, ME, 04210

New Listing!

$550,000

2 baths

1,903 sqft

19 Harding Street, Biddeford, ME, 04005

$450,000

2 baths

2,593 sqft

2 Weeks Street, Bath, ME, 04530

New Listing!

$429,000

2.5 baths

2,227 sqft

66 Green St Extension, Saco, ME, 04072

$399,000

3 baths

2,492 sqft

6 Goddard Street, Lisbon, ME, 04252

$390,000

3 baths

3,656 sqft

45 Jefferson Street, Lewiston, ME, 04240

New Listing!

$425,000

3 baths

1,740 sqft

24 Village Street, Lisbon, ME, 04250

New Listing!

$429,000

4 baths

2,970 sqft

18 Spruce Street, Augusta, ME, 04330

New Listing!

$450,000

2 baths

2,464 sqft

113-117 Gagne Street, Lewiston, ME, 04240

Price Reduced!

$464,900

3.5 baths

1,571 sqft

2702 US Highway 1, Sullivan, ME, 04664


Listing courtesy of Maine Source Realty