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)
Closed
Zillow last checked:
Listing updated:
Bought with:
Keller Williams Realty
Source: Maine Listings,MLS#: 1601822
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2024 | Sold | $450,000-14.3%$44/sqft |
Source:  Maine Listings #1601822 Report a problem | ||
| 10/10/2024 | Pending sale | $525,000$51/sqft |
Source: Maine Listings #1601822 Report a problem | ||
| 8/28/2024 | Listed for sale | $525,000$51/sqft |
Source: Maine Listings #1601822 Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$685,300
2% more
+$13,706
With Zillow Showcase(estimated)
$699,006
