20-22 Lee Road Lincoln, ME
$454,000
Baths 6
Square Footage 4,400
Acres 0.37
Description
Investment Opportunity: Prime Apartment Package in a Thriving Community.
Discover a unique opportunity to invest in two well maintained apartments nestled within a vibrant small community. Just a short walk to restaurants, shops and the downtown area make these properties a prime location. This charming locale boasts 13 stunning lakes, perfect for outdoor enthusiasts and creating a serene living environment. Our community is benefiting from grant funding designated for the redevelopment of a local factory, which we anticipate will significantly impact the economic growth in the area making this package a great long term investment. Natural Gas is along the road front and for an invetment of $13,000 the units can be converted. These well maintained properties have housed long term tenants who have truly made these spaces their homes for years. Take advantage of this rare chance to invest in a flourishing community poised for growth.
Listed by Trinity Business Brokers, Sherry Robbins 207-922-3276
Details
MLS 1605186
Status Active
Price $454,000
DOM 77 days
Type Multi-Family
Style New Englander
Total Baths 6 full baths
Square Feet 4,400 sqft
Lot Size 0.37 acres
Year Built 1900
Taxes Paid $3,991
Lot & Building Features
Cooling None
Tax Year 2023
Taxes Paid $3,991
Room Details
Basement Description Brick/Mortar, Walk-Out Access, Unfinished, Full, Dirt Floor
Unit Features
Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 3
Unit 2 of Rooms 5
Unit 3 Full Baths 1
Unit 3 of Bedrooms 3
Unit 3 of Rooms 5
Unit 4 Full Baths 1
Unit 4 of Bedrooms 1
Unit 4 of Rooms 3
Unit 5 Full Baths 1
Unit 5 of Bedrooms 2
Unit 5 of Rooms 4
Unit 6 Full Baths 1
Unit 6 of Bedrooms 2
Unit 6 of Rooms 4
Map
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Financing
$
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.