50 Knox StreetLewiston, ME 04240Price: $525,000

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Coldwell Banker Plourde Real Estate 1-207-872-7650

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Listed by Keller Williams Realty

SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains. Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)

Property Details of 50 Knox Street

Property Details

Basic Information

• Property Type: Residential Income
• Mls Status: Pending
• MLS Number: 1601822
• Acreage: 0.13

Property

• Square Feet: 10,265
• Year Built: 1881
• Roof: Flat
• Building Construction: Asbestos, Wood Frame

Location

• Town: Lewiston
• County: Androscoggin
• State: ME
• Zip: 04240

Interior Features

Basement

• Basement: Dirt Floor, Full, Interior Entry, Unfinished

Other

• Flooring : Vinyl, Tile

Exterior Features

Features

• Parking Features : 5 - 10 Spaces, Paved, Common, Off Street, On Street
• Driveway: Common, Paved
• Road Frontage: Public
• Exterior : Asbestos

Utilities and Appliances

Utilities and Appliances

• Gas : Natural - At Street
• Heat System: Multi-Zones, Hot Water, Baseboard
• Heating Fuel: Gas Natural
• Sewer : Public Sewer

Other Details

Water

• Water Source : Public

Map Location

Driving Directions

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved.   Privacy Policy

Coldwell Banker Plourde Real Estate participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.