720 Lisbon Street, Lewiston, ME, 04240 | $332,000

Invest in a Unique 3-Unit Apartment Building in Lewiston, Maine!

Discover the charm and opportunity in this distinctive 3-unit apartment building in the heart of Lewiston, Maine. Offering substantial rental income potential, this property is a rare find with its spacious apartments and extra lot for parking.

Key Features:

Three Large 3-4 Bedroom Units: Each apartment boasts generous living spaces, providing comfort and room to grow for tenants. These units are perfect for families or groups seeking ample space.

Prime Location: Situated in a desirable area of Lewiston, this building offers easy access to local amenities, schools, and public transportation, making it an attractive choice for renters.

Extra Lot for Off-Street Parking: The additional lot behind the building provides ample off-street parking, a highly sought-after feature that enhances tenant convenience and satisfaction.

Old-World Charm: While the building is older and requires some TLC, it exudes a unique charm and character that can be revitalized with the right vision and investment.

High Rental Demand: The large apartments command significant rents, ensuring a steady and lucrative income stream for savvy investors.

Investment Opportunity:

This property is not just a home; it's a canvas waiting for your creative touch. With some renovation and modernization, you can transform this building into an even more highly desirable rental property, maximizing its potential and boosting your return on investment.

Don't miss out on this incredible opportunity to own a piece of Lewiston's history and capitalize on its future. Contact me today to schedule a viewing and explore the endless possibilities this property has to offer!

Features

  • Baths: 3 full
  • Units: 3
  • Style: Multi-Level
  • Year Built: 1916
  • Heating: Hot Water, Baseboard
  • Cooling: None
  • Basement: Brick/Mortar, Full, Interior Entry, Unfinished
  • Approx Sq. Feet: 4,458
  • Acreage: 0.17
  • Est. Taxes: $4,203
  • Lot Desc: Level, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
  • MLS#: 1593934
  • Website: https://www.raveis.com
    /prop/1593934/720lisbonstreet_lewiston_me?source=qrflyer
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
©2024 Maine Real Estate Information System, Inc. All Rights Reserved.
Listing courtesy of Keller Williams Realty

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable