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280 Pine Street , Lewiston, ME 04240

$495,000
  • Main Photo

11 Photos

New to the Market Active
BATHS3 full SQUARE FEET5,355 MLS#1680737
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

INVESTMENT OPPORTUNITY IN LEWISTON! Discover the potential at 280 High St, a three-unit multifamily property offering an excellent opportunity for investors seeking strong rental income and additional upside. The property features three fully occupied spacious 3-bedroom+ units, each currently renting for $2,000+ per month, producing $72,000+ in gross annual rental income. Each unit offers the convenience of dedicated laundry, along with its own covered porch. The property also includes a separate maintenance unit/storage area with a bathroom, offering additional utility and flexibility for ownership or property operations. The property does need some TLC, including vinyl siding repairs and remodeling, making this an attractive opportunity for an investor looking to improve the property and add value while maintaining an established income stream. With strong rents, multiple bedrooms per unit, dedicated laundry, covered porches, and additional storage space, 280 High St offers a compelling combination of current cash flow and future potential. Bring your vision and capitalize on the opportunity to improve and maximize this Lewiston multifamily property. *Property is being sold as-is and likely does not qualify for some loan types in its current condition. Interior photos were taken a year ago prior to currant tenancy.

280 Pine Street | MLS# 1680737

This multi-family property located at 280 Pine Street , Lewiston, ME 04240 is currently listed for sale with an asking price of $495,000. Search Lewiston real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Full, Brick/Mortar
Heating: Gas Natural, Hot Water, Radiant, Radiator
Home Style: Other
Lot Size: 0.15 Acres
Roof Type: Flat, Membrane
Taxes: $4,476
Year Built: 1922

Feature Descriptions

Amenities: 1st Floor Bedroom, Bathtub, In-Law Apartment, Main Level, Upper Level, Washer Hookup
Electric: On Site, Circuit Breakers
Equipment: Cable
Exterior: Wood Frame, Vinyl Siding
Flooring: Laminate, Vinyl, Wood, Linoleum
Foundation: Poured Concrete, Brick/Mortar
Lot: Intown, Sidewalks, Near Public Transit
Parking: Gravel,5 - 10 Spaces, On Site
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 5355
SQ FT Below Grade: 0
Water: Public

Listed By / Shown By

Listed By

Agency Name: Maine Source Realty
Agent Name: Dustin Mallar
Agency Phone: 207-333-6001

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Estimated Payment

$ 1,619.03 per month $1,101.66 Principal & Interest $373.00 Property Tax $144.38 Homeowner's Insurance

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