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280 Pine Street

Lewiston

$495,000

beds   ·   3 baths   ·   5,355 sqft   ·   0.15 acres   ·   taxes: $4,476   ·   MLS#: 1680737

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.

MORE DETAILS

Structure

  • Electric : On Site, Circuit Breakers
  • Year Built : 1922
  • Style : Other
  • Flooring : Laminate, Vinyl, Wood, Linoleum
  • Garage Spaces : 0.00
  • Roof : Flat, Membrane
  • Basement : Interior Entry, Full, Brick/Mortar
  • Heating : Gas Natural, Hot Water, Radiant, Radiator
  • Cooling : None

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : OR
  • Road Surface Type : Paved
Listing provided by Maine Source Realty

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.
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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy