Lewiston
$495,000
280 Pine Street
mls: 1680737
Bathrooms: 3
Year Built: 1922
Sq Footage: 5,355
Lot Size: 0.15
Taxes: $4,476
Status: Active

INVESTMENT OPPORTUNITY IN LEWISTON! Discover the potential at 280 Pine St, a three-unit multifamily property offering an excellent opportunity for investors seeking strong rental income and additional upside.

Listed by: Maine Source Realty

INVESTMENT OPPORTUNITY IN LEWISTON! Discover the potential at 280 Pine St, a three-unit multifamily property offering an excellent opportunity for investors seeking strong rental income and additional upside. The property features three fully occupied spacious 3-bedroom+ units, each currently renting for $2,000+ per month, producing $72,000+ in gross annual rental income. Each unit offers the convenience of dedicated laundry, along with its own covered porch. The property also includes a separate maintenance unit/storage area with a bathroom, offering additional utility and flexibility for ownership or property operations. The property does need some TLC, including vinyl siding repairs and remodeling, making this an attractive opportunity for an investor looking to improve the property and add value while maintaining an established income stream. With strong rents, multiple bedrooms per unit, dedicated laundry, covered porches, and additional storage space, 280 Pine St offers a compelling combination of current cash flow and future potential. Bring your vision and capitalize on the opportunity to improve and maximize this Lewiston multifamily property. *Property is being sold as-is and likely does not qualify for some loan types in its current condition. Interior photos were taken a year ago prior to currant tenancy.

Listed by: Maine Source Realty

Above Grade Finished Area
5355.00
Accessibility Features
Appliances
Architectural Style
Other
Basement
Interior Entry, Full, Brick/Mortar
Bathrooms Full
3
Bathrooms Total Integer
3
Below Grade Finished Area
0.00
Body Type
Building Area Total
5355.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
None
Electric
On Site, Circuit Breakers
Exterior Features
Flooring
Laminate, Vinyl, Wood, Linoleum
Foundation Details
Poured Concrete, Brick/Mortar
Garage Spaces
0.00
Green Energy Efficient
Heating
Gas Natural, Hot Water, Radiant, Radiator
Heating Yes/No
1
Interior Features
1st Floor Bedroom, Bathtub, In-Law Floorplan
Laundry Features
Main Level, Upper Level, Washer Hookup
Lot Features
Intown, Sidewalks, Near Public Transit
Lot Size Acres
0.1500
Other Equipment
Cable
Other Structures
Parking Features
Gravel, 5 - 10 Spaces, On Site
Patio And Porch Features
Porch
Pets Allowed
No Restrictions
Property Condition
Roof
Flat, Membrane
Sewer
Public Sewer
Tax Annual Amount
4476.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1922
Zoning
OR