Bought with Rockstar Real Estate
$515,000
$549,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
26 Webster ST Lewiston, ME 04240
5 Baths
6,314 SqFt
Key Details
Sold Price $515,000
Property Type Multi-Family
Listing Status Sold
Square Footage 6,314 sqft
MLS Listing ID 1604003
Sold Date 03/24/25
Style Other,New Englander
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 6,314
Year Built 1939
Annual Tax Amount $4,575
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Source Maine Listings
Land Area 6314
Property Description
Introducing an exceptional investment opportunity in the heart of a thriving rental market: a 5-unit apartment building with impressive cash flow potential. This well-maintained property offers a robust rental income stream, making it an ideal addition to any real estate portfolio.
Situated in a dynamic neighborhood with strong demand for rental properties, this building benefits from a vibrant local market where vacancies are low and rental rates are on the rise. The area's steady economic growth and increasing population contribute to a favorable environment for landlords seeking reliable returns.
Each unit provides ample living space and functional layouts, ensuring broad appeal to a diverse range of tenants. With a touch of TLC, this property could see significant appreciation. Updating the interiors and enhancing common areas could not only increase the rental income but also elevate the property's overall value.
Whether you're a seasoned investor or just starting out, this property offers a solid foundation and promising upside. Take advantage of the current market trends and unlock the full potential of this high-cash-flow investment.
Location
State ME
County Androscoggin
Zoning DR
Rooms
Basement Interior, Full, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Wood, Vinyl, Carpet
Equipment DSL
Laundry Washer Hookup
Exterior
Parking Features 5 - 10 Spaces, Paved, On Site
Garage Spaces 1.0
Utilities Available 1
View Y/N No
Roof Type Flat,Membrane,Pitched,Shingle
Street Surface Paved
Porch Deck, Porch
Garage Yes
Building
Lot Description Open, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
Story 3
Foundation Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other, New Englander
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Gas Natural, Oil
Read Less
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