Lewiston 18 unit package for sale

Multi-Family for Sale
Catylist Listing ID: 30872518
Property Subtypes: Mid-Rise
Number of Units: 18 Units
Building Size (RSF): 15,106 SF
Gross Building Area: See Agent
Gross Land Area: 0.22 Acres
Sale Price: $1,550,000
Unit Price: $86,111.11 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 12.32%
Last Updated: 6/6/2024

Overview / Comments

18 unit portfolio located at 179 Pine St + 115-117 Pierce St, Lewiston. There has been many capital improvements made such as kitchens, flooring, painting + rental increases w/ more upside as well. This 3 building package offers (7) 1 bedrooms, (7) 2 bedrooms & (4) 3 bedroom units. Please don’t miss the opportunity to own an investment that has good cash flow + appreciation in one of the hottest markets in the state of Maine!

Attachments & Media

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $8,528 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 999999
Zoning: DR

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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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