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216 East Avenue

Lewiston, ME 04240
  • $599,900
  • STATUS: Active
  • MLS #: 1587601
UPDATED: 72 min ago
$599,900
  • 0
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 4,944
    SQFT
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

School District:
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Description

Investment opportunity with period woodwork throughout!!! 5-Unit 4,944 sq/ft-maintained building with long term tenants to include a business tenant. Building features One business tenant, Two 1-bedroom units, One 2-3-bedroom unit, and one efficiency unit. 1st floor rear, 2nd floor, and 3rd floor rear all have enclosed storage and porches attached to the units. The building was professionally lead abated in 2019, windows are vinyl and installed prior to current owner. Due to a power surge on East Ave caused by an accident, the boiler was damaged, and Powell's heating rebuilt. All 3 units have new electric hot water heaters. There is a 3-car garage, the landlord uses one space, and the second-floor tenants occupies the other 2 spaces. Building is located in the heart of Lewiston nearby to shopping & entertainment. Rents are below market rate. All units are rented and require 24-36 hours' notice for showings.

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-06-12T15:52:35.803.
www.davidmarshallteam.com/homes/149970318
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216 East Avenue Lewiston, ME 04240

  • Price: $599,900
  • Status: Active
  • On Site: Days
  • Updated: 72 min ago
  • MLS #: 1587601
0
Beds
4
Baths
1
½ Baths
0.11
Acres
4,944
SQFT
$121
$/SQFT
1924
Built
County:
Androscoggin
Area:
Lewiston
School District:
Lewiston Public Schools
Property Description
Investment opportunity with period woodwork throughout!!! 5-Unit 4,944 sq/ft-maintained building with long term tenants to include a business tenant. Building features One business tenant, Two 1-bedroom units, One 2-3-bedroom unit, and one efficiency unit. 1st floor rear, 2nd floor, and 3rd floor rear all have enclosed storage and porches attached to the units. The building was professionally lead abated in 2019, windows are vinyl and installed prior to current owner. Due to a power surge on East Ave caused by an accident, the boiler was damaged, and Powell's heating rebuilt. All 3 units have new electric hot water heaters. There is a 3-car garage, the landlord uses one space, and the second-floor tenants occupies the other 2 spaces. Building is located in the heart of Lewiston nearby to shopping & entertainment. Rents are below market rate. All units are rented and require 24-36 hours' notice for showings.
Exterior Features

Architectural Style High Rise Attached Garage YN No Construction Materials Vinyl SidingWood Frame Foundation Details Brick/Mortar Garage YN Yes Lot Features Corner LotIntownNear Public Transit Parking Features 5 - 10 SpacesPavedDetachedOn Street Roof Tar/Gravel Water View No Waterfront YN No

Interior Features

Above Grade Finished Area 4944 Basement Brick/MortarExterior EntryBulkhead Below Grade Finished Area 0 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring WoodVinyl Heating RadiatorHot Water Heating YN Yes Wood Floors YN Yes

Property Features

Association YN No Electric Circuit Breakers Gross Income 45900 Has No Restrictions Yes Land Lease YN No Operating Expense 10746 Pets Allowed No Restrictions Property Seasonal No Sewer Public Sewer Tax Annual Amount 3861 Tax Year 2023 Utilities Utilities On Water Source Public Zoning MDR

Maine Real Estate Information Systems logo Listing provided courtesy of Bearfoot Realty: .

© 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2024-06-12T15:52:35.803.
 
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The David Marshall Team | eXp Realty, LLC
533 Congress Street
Portland ME, 04101
Mortgage Calculator tool is provided by BoomTown.