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Listed by Patrick Matheson EXP Realty
$ 669,900
Est. payment /mo
Pending
12-14 College ST Lewiston, ME 04240
6 Baths
6,240 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $107
MLS Listing ID 1655365
Full Baths 6
HOA Y/N No
Year Built 1886
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Source Maine Listings
Land Area 6240
Property Description
Located in Lewiston, this well-maintained 6-unit multifamily property presents a strong opportunity for investors seeking immediate cash flow and long-term stability. The building has undergone significant upgrades, including new siding, a new furnace, and cosmetic improvements across all units. Currently profitable with a high cap rate, this asset stands out as a solid buy-and-hold investment in today's market. Two units are currently vacant with leasing, making the property easy to show. Once those units are leased, the monthly rent roll will exceed $9,000. The property is professionally managed by Simplified Management and management is willing to continue services for the new owner if desired. With major systems already updated and income potential in place, this is an attractive, turnkey investment opportunity for anyone looking to get started or add to an existing portfolio.
Location
State ME
County Androscoggin
Zoning CV
Rooms
Basement Interior Entry, Full, Unfinished
Interior
Heating Gas Natural, Hot Water, Zoned
Cooling None
Flooring Carpet, Tile, Vinyl, Wood
Exterior
Parking Features Gravel, 1 - 4 Spaces
Roof Type Flat,Shingle,Tar/Gravel
Garage No
Building
Lot Description Intown, Neighborhood, Level, Sidewalks, Near Public Transit
Story 3
Entry Level Multi-Level
Foundation Brick/Mortar
Water Public
Architectural Style Other
Others
Tax ID LEWI-000195-000000-000485
