Bought with Hearth & Key Realty
For more information regarding the value of a property, please contact us for a free consultation.
68 Howe ST Lewiston, ME 04240
SOLD DATE : 01/29/2025Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $375,000
Property Type Multi-Family
Listing Status Sold
Square Footage 4,811 sqft
MLS Listing ID 1605669
Sold Date 01/29/25
Style Multi-Level
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 4,811
Year Built 1866
Annual Tax Amount $3,536
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Source Maine Listings
Land Area 4811
Property Description
Exceptional Cash Flow Property with Major Upgrades!
Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year.
Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures.
Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns!
Key Features:
2 x 2-bedroom units, 3 x 1-bedroom units
Gross income: $66,000/year
Net income: More than $50,000/year
New roof and efficient heating systems (3 years old)
Natural gas heating and hot water
Fully occupied with stable tenants
Invest now and start earning immediate cash flow!
Location
State ME
County Androscoggin
Zoning DR
Rooms
Basement Full, Interior Entry, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Vinyl, Other
Exterior
Parking Features No Driveway, None
Utilities Available 1
View Y/N No
Roof Type Shingle
Street Surface Paved
Garage No
Building
Lot Description Level, Open Lot, Right of Way, Intown, Near Shopping
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Multi-Level
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural
Read Less

GET MORE INFORMATION
