$525,000

Pending

Est. Mortgage $0/mo *

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50 Knox Street, Lewiston, ME, 04240

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8 Full baths

1881

Multi-Level

10,265 sqft

SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains. Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)

Status:

Pending

Type:

Multi-family

Units:

Zoning:

Frontage:

Heating:

Multi-Zones, Hot Water, Baseboard

Cooling:

None

Basement:

Dirt Floor, Full, Interior Entry, Unfinished

Parking:

5 - 10 Spaces, Paved, Common, Off Street, On Street

Acreage:

0.13

Est. Taxes:

$3,141

Construction

Asbestos, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Sidewalks, Intown

MLS #:

1601822

Community Info

School Info

Walk Score

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Listing courtesy of Keller Williams Realty

$525,000

50 Knox Street, Lewiston, ME, 04240

Community Info

School Info

Walk Score

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