Lewiston, ME 04240,68 Howe ST
Lewiston, ME 04240,68 Howe ST
Lewiston, ME 04240,68 Howe ST
10
Listed by Maine Source Realty
Bought with Hearth & Key Realty
$375,000
$415,000
9.6%
Est.Price: ?

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5 BA
4,811 SqFt

68 Howe ST Lewiston, ME 04240

SOLD DATE : 01/29/2025

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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

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Maine MLS (MREIS) IDX

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Chris Davis

Chris Davis

Agent | me.BA924046

+1(207) 756-2442

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