Price Reduced 12.16%

$549,000

Est. Mortgage $0/mo *

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Price History

$625,000
9/17/2024

$595,000
10/15/2024

$549,000
11/13/2024

26 Webster Street, Lewiston, ME, 04240

26 Webster Street, Lewiston, ME, 04240
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5 Full baths

1939

Multi-Level, New Englander

6,314 sqft

Introducing an exceptional investment opportunity in the heart of a thriving rental market: a 5-unit apartment building with impressive cash flow potential. This well-maintained property offers a robust rental income stream, making it an ideal addition to any real estate portfolio. Situated in a dynamic neighborhood with strong demand for rental properties, this building benefits from a vibrant local market where vacancies are low and rental rates are on the rise. The area's steady economic growth and increasing population contribute to a favorable environment for landlords seeking reliable returns. Each unit provides ample living space and functional layouts, ensuring broad appeal to a diverse range of tenants. With a touch of TLC, this property could see significant appreciation. Updating the interiors and enhancing common areas could not only increase the rental income but also elevate the property's overall value. Whether you're a seasoned investor or just starting out, this property offers a solid foundation and promising upside. Take advantage of the current market trends and unlock the full potential of this high-cash-flow investment.

Status:

Active

Type:

Multi-family

Laundry Remarks:

Washer Hookup

Units:

5

Zoning:

DR

Frontage:

100

Garage:

1-car

Heating:

Baseboard

Cooling:

None

Basement:

Full, Interior Entry, Unfinished

Levels:

3

Parking:

5 - 10 Spaces, Paved, On Site

Acreage:

0.19

Est. Taxes:

$4,575

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood

MLS #:

1604003

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Hearth & Key Realty 207-223-6325