68 Howe Street, Lewiston, ME, 04240 | $480,000

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!

Features

  • Baths: 5 full
  • Units: 5
  • Style: Multi-Level
  • Year Built: 1866
  • Heating: Hot Water, Baseboard
  • Cooling: None
  • Basement: Full, Interior Entry, Unfinished
  • Approx Sq. Feet: 4,811
  • Acreage: 0.07
  • Est. Taxes: $3,536
  • Lot Desc: Level, Open Lot, Right of Way, Intown, Near Shopping
  • MLS#: 1605669
  • Website: https://www.raveis.com
    /prop/1605669/68howestreet_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.
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Listing courtesy of Maine Source Realty

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