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  • $450,000

    50 Knox Street, Lewiston, ME 04240

    20beds
    10,265sqft
    Multi Family
    Built in 1881
    -- sqft lot
    $468,400 Zestimate®
    $44/sqft
    $-- HOA

    What's special

    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)

    Zillow last checked: 7 hours ago

    Listing updated: December 16, 2024 at 12:50pm

    Listed by:

    Keller Williams Realty

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1601822MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Multi-Zones, Hot Water, Baseboard
    Cooling
    • None
    Features
    • Flooring: Vinyl, Tile
    • Basement: Dirt Floor,Full,Interior Entry,Unfinished
    Interior area
    • Total structure area: 10,265
    • Total interior livable area: 10,265 sqft
    • Finished area above ground: 10,265
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: 5 - 10 Spaces, Paved, Common, Off Street, On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Multi/Split
    Lot
    • Size: 5,662 sqft
    • Features: Level, Sidewalks, City Lot
    Details
    • Zoning: DR

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Asbestos, Wood Frame
    • Roof: Flat
    Condition
    • Year built: 1881

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Lewiston
    Services availability
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