Catylist ID:
#30855561
Multi-Family Investment Portfolio
Multi-Family
for Sale
| Catylist Listing ID: | 30855561 |
| Property Subtypes: | Duplex/Fourplex, Low-Rise/Garden, Other |
| Number of Units: | 59 Units |
| Building Size (RSF): | 21,616 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.41 Acres |
| Sale Price: | $3,835,000 |
| Unit Price: | $65,000 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Building Name: | 59-Unit Portfolio |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.56% |
| Last Updated: | 9/27/2023 |
Overview / Comments
|
The Boulos Company is pleased to present the exclusive portfolio sale of 92 Bartlett Street, 137 College Street & 69 Horton Street, a rooming house portfolio totaling 59 units in the heart of Downtown Lewiston. The sale includes 3 meticulously managed buildings within walking distance from one another in one of Maine’s fastest growing investment markets. Turnkey investment portfolio with excellent historical occupancy rates and very strong rental income Throughout the years, ownership has made several capital improvements to most of the properties including but not limited to re-wiring, new decks, new carpeting, new fire rated doors, new bathrooms, and updated heating systems among others. Centrally located in Downtown Lewiston within walking distance to several restaurants, retailers, greenspaces, and more. Each building can be purchased separately. See broker for details. |
Attachments & Media
Additional Details
| Nearest MSA: | Lewiston-Auburn |
| County: | Androscoggin |
| Taxing Authority: | City of Lewiston |
| Tax ID/APN: | Map 194, Lot 305 and Map 195, Lots 417 & 442 |
| Zoning: | DR & NCB |
| Property Located Between: | Located in the heart of Downtown Lewiston |
| Highway Access: | Maine Turnpike |
| Airports: | Portland International Jetport |
| Total Number of Buildings: | 3 |
| Property Condition: | Good |
| Number of Stories: | 3 |
| Roof Type: | Gable |
| Construction/Siding: | Wood Frame |
| Parking Type: | Surface |
| Parking Description: | Street parking available; shared on-site parking at 69 Horton Street |
| Heat Type: | Natural Gas |
| Zoning Description: | DR - Downtown Residential & NCB |
| 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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