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  • $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

    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!

    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#: 1605669MLS Logo

    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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