932 & 934 Lisbon ST new Save Request In-Person Tour Request Virtual Tour
Lewiston,ME 04240
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 3,300 sqft
Price per Sqft $119
MLS Listing ID 1622737
Style Other
Full Baths 3
Year Built 1900
Annual Tax Amount $4,492
Tax Year 2024
Lot Size 5,662 Sqft
Property Description
Positive cash flow and excellent cap rate with two building/two lots for the price of one. #932 is zoned residential with two units each with 2 bedrooms, 1 bath, and washer/dryer. Current rents are $1,500/month plus utilities. #934 is Zoned Retail with a lease of $1,350/month, tenant pays all utilities. Combined buildings provide an annual gross income of $52,200.
Apartment building is 2,336 square feet, retail building is 1,160 square feet. Property taxes reflect both buildings.
Operating expenses include property taxes and insurance, excludes water/sewer. oil, propane and electricity, please see Income and Expense Sheet for more detail. Excellent investment opportunity.
For showings, must have proof of cash funds or a loan pre-qualification letter, 48 hour notice required for tenants. No listing sign as a courtesy to tenants.
Location
State ME
County Androscoggin
Zoning Mixed
Interior
Heating Direct Vent Heater,Baseboard
Cooling None
Flooring Vinyl,Laminate
Exterior
Parking Features 1 - 4 Spaces,Common,Off Street
Utilities Available 1
View Y/N No
Roof Type Metal,Pitched,Tar/Gravel
Building
Lot Description Open,Level,Sidewalks,Near Turnpike/Interstate,Near Town
Story 21
Foundation Pillar/Post/Pier,Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Vinyl Siding,Wood Frame