Multi-Family Investment Property
Multi-Family
for Sale
| Catylist Listing ID: |
30858807 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden
|
| Number of Units: |
12 Units |
| Building Size (RSF): |
4,504 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.05 Acres
|
| Sale Price: |
$710,000 |
| Unit Price: |
$59,166.67 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
10.3% |
| Last Updated: |
4/26/2024 |
Overview / Comments
Twelve (12) unit rooming house in the heart of Downtown Lewiston
Meticulously managed building with excellent historical occupancy rates and very strong rental income
Throughout the years, ownership has made several capital improvements including but not limited to re-wiring, new decks, new carpeting, new fire-rated doors, new bathrooms, and updated heating systems among others
Within walking distance to several restaurants, retailers, green spaces and more - Walkability score of 84
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$3,735 (Annual) |
| Net Operating Income |
$72,957 (Annual) |
Additional Details
| Nearest MSA: |
Lewiston-Auburn |
| County: |
Androscoggin |
| Taxing Authority: |
City of Lewiston |
| Tax ID/APN: |
01050_195/000/442 |
| Zoning: |
DR |
| Highway Access: |
Maine Turnpike |
| Airports: |
Portland International Jetport |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
3 |
| Year Built: |
1900 |
| Roof Type: |
Gable |
| Construction/Siding: |
Wood Frame |
| Parking Type: |
Surface |
| Parking Description: |
Street parking |
| Heat Type: |
Natural Gas |
| Zoning Description: |
Downtown Residential |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,203 |
48,932 |
59,530 |
| Median Age: |
31.81 |
37.14 |
38.35 |
| Households: |
8,732 |
20,804 |
25,186 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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