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.
Listed By
Agency Name: Maine Source Realty
Agent Name: Dustin Mallar
Agency Phone: 207-333-6001
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 1,619.03 per month $1,101.66 Principal & Interest $373.00 Property Tax $144.38 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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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.