Exceptional Cash Flow Property with Major Upgrades!
Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year.
Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures.
Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns!
Key Features:
2 x 2-bedroom units, 3 x 1-bedroom units
Gross income: $66,000/year
Net income: More than $50,000/year
New roof and efficient heating systems (3 years old)
Natural gas heating and hot water
Fully occupied with stable tenants
Invest now and start earning immediate cash flow!
Closed
$375,000
68 Howe Street, Lewiston, ME 04240
7beds
4,811sqft
Multi Family
Built in 1866
-- sqft lot
$383,300 Zestimate®
$78/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 31, 2025 at 10:11am
Listed by:
Maine Source Realty
Bought with:
Hearth & Key Realty
Source: Maine Listings,MLS#: 1605669

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Hot Water, Baseboard
Cooling
- None
Features
- Flooring: Vinyl, Other
- Basement: Full,Interior Entry,Unfinished
Interior area
- Total structure area: 4,811
- Total interior livable area: 4,811 sqft
- Finished area above ground: 4,811
- Finished area below ground: 0
Property
Parking
- Parking features: No Driveway, None
Features
- Levels: Multi/Split
Lot
- Size: 3,049 sqft
- Features: Level, Open Lot, Right of Way, City Lot, Near Shopping
Details
- Zoning: DR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1866
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lewiston
Other
Other facts
- Road surface type: Paved
Services availability

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