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 a two unit, 2 bedroom with 1 bath each, residential building with each unit leasing at $1,500/month. #934 is a mixed-use building that has additional opportunity for revenue as current tenant occupies only 1/2 of the building with a lease of $1,350/month. Tenants pay all utilities which provides an annual gross income of $52,200. Operating expenses only includes property taxes + insurance, excludes water/sewer. oil, propane and electricity as tenants currently pay. Ample parking, excellent investment opportunity.
Apartment building is 2,336 square feet, mixed use building is 1,160 square feet. 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. Both buildings being sold in ''as is'' condition and may not qualify for FHA.
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