50 Knox Street
Multi-Family
for Sale
| Catylist Listing ID: |
30876958 |
| Number of Units: |
8 Units |
| Building Size (RSF): |
10,265 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$525,000 |
| Unit Price: |
$65,625 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/28/2024 |
Overview / Comments
|
SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains. Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$3,141 (Annual) |
Additional Details
| Nearest MSA: |
Lewiston-Auburn |
| County: |
Androscoggin |
| Tax ID/APN: |
LEWI-000196-000000-000260 |
| Zoning: |
DR |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
19,840 |
48,932 |
61,525 |
| Median Age: |
32.43 |
37.14 |
38.51 |
| Households: |
8,610 |
20,804 |
25,977 |
|
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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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