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