720 Lisbon Street Lewiston, ME

$332,000
Baths 3
Square Footage 4,458
Acres 0.17
Photo of 720 Lisbon Street Lewiston ME 04240




Description

Invest in a Unique 3-Unit Apartment Building in Lewiston, Maine! Discover the charm and opportunity in this distinctive 3-unit apartment building in the heart of Lewiston, Maine. Offering substantial rental income potential, this property is a rare find with its spacious apartments and extra lot for parking. Key Features: Three Large 3-4 Bedroom Units: Each apartment boasts generous living spaces, providing comfort and room to grow for tenants. These units are perfect for families or groups seeking ample space. Prime Location: Situated in a desirable area of Lewiston, this building offers easy access to local amenities, schools, and public transportation, making it an attractive choice for renters. Extra Lot for Off-Street Parking: The additional lot behind the building provides ample off-street parking, a highly sought-after feature that enhances tenant convenience and satisfaction. Old-World Charm: While the building is older and requires some TLC, it exudes a unique charm and character that can be revitalized with the right vision and investment. High Rental Demand: The large apartments command significant rents, ensuring a steady and lucrative income stream for savvy investors. Investment Opportunity: This property is not just a home; it's a canvas waiting for your creative touch. With some renovation and modernization, you can transform this building into an even more highly desirable rental property, maximizing its potential and boosting your return on investment. Don't miss out on this incredible opportunity to own a piece of Lewiston's history and capitalize on its future. Contact me today to schedule a viewing and explore the endless possibilities this property has to offer!


Listed by Keller Williams Realty, Noah Farrington 207-879-9800

Details

MLS 1593934
Status Pending
Price $332,000
DOM 176 days
Type Multi-Family
Style Multi-Level
Total Baths 3 full baths
Square Feet 4,458 sqft
Lot Size 0.17 acres
Year Built 1916
Taxes Paid $4,203

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $4,203

Room Details

Basement Description Brick/Mortar, Unfinished, Interior Entry, Full

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 4
Unit 1 of Rooms 6
Unit 2 Full Baths 1
Unit 2 of Bedrooms 4
Unit 2 of Rooms 6
Unit 3 Full Baths 1
Unit 3 of Bedrooms 4
Unit 3 of Rooms 6

Map

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Financing

$
20%
1.2659638554217%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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