NOT LISTED FOR SALE

29 Walnut St Lewiston, ME 04240

Downtown Lewiston Neighborhood
-- Bed
9 Baths
8,857 Sq Ft
0.28 Acres

Last Sold March 02, 2017

Last sale price $273,500 $31 Per Sq Ft

117 Days on Market

Highlights

  • 0.28 Acre Lot
  • No HOA
  • Coin Laundry
  • Corner Lot
  • Baseboard Heating
  • 1-minute walk to Kennedy Park

About This Home

As of March 2017

Excellent cash flow with this 9 unit that is in great condition and offers govt backed rents. Over 50K in net income this is great investment it has 18.5% cap rate with replacement windows, a newer rubber roof, all new pressure treated porches & fire escapes. The price increase is due to the 2-2016 Natural gas boilers, lined chimney, chimney rebuilt at the base and capped...2017 expenses will reflect the savings. This offering also includes a separate lot for parking & coin-op laundry in dry, empty basement.

Last Agent to Sell the Property

Renee Roy

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 09/16/2016

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Alvin Lam

NextHome Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,709

Year Built

  • Built in 1891

Lot Details

  • 0.28 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Membrane Roofing
  • Asbestos Siding
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 9 Full Bathrooms
  • 8,857 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking
  • Off-Site Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 103&516

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $41,805
  • Gross Income $96,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,709

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Sabattus St, turn right onto Bartlett St, turn right on Walnut St, building is on the corner of Walnut & Pierce St, see signs
  • Above Grade Finished Sq Ft: 8857.0
  • Architectural Style: Multi-Level
  • Building Stories: 3
  • Year Built: 1891
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.28
  • Property Information:Total Baths: 9.0
  • Property Information:SqFt Finished Above Grade: 8857.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 9
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 96696.0
  • Income Expenses Operating Expenses: 41805.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Driveway:Gravel: Yes
  • Parking:Off Site: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Asbestos: Yes
  • Roof:Membrane: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Roof:TarGravel: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 9
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Intown
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Block, Stone, Concrete Perimeter, Brick/Mortar
  • Roof: Flat, Membrane, Tar/Gravel

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Gravel, Off Site, On Site, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12196.8
  • Parcel #: 999999
  • Zoning: Res

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 96696.0
  • Annual Operating Expense: 41805.0

Tax Info

  • Tax Annual Amount: 6709.0
  • Tax Book Number: 4602
  • Tax Lot: 103&516
  • Tax Map Number: 196
  • Tax Year: 16

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2017 03/02/17 Sold $273,500 +1.3% $31 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
09/16/2016 09/16/16 For Sale $270,000 -- $30 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Renee Roy

    Seller's Agent in 2017

    Renee Roy

    Better Homes & Gardens Real Estate/The Masiello Group

    (207) 212-3134

    8 in this area

    204 Total Sales

    Renee Roy
    Section Image

  • A

    Buyer's Agent in 2017

    Alvin Lam

    NextHome Experience

  • A

    Buyer's Agent in 2017

    Alvin Lam Lam

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1282928

Maine Listings

Maine Androscoggin County Lewiston 04240 Downtown Lewiston

29 Walnut St, Lewiston, ME

This home is located at 29 Walnut St, Lewiston, ME 04240 since 16 September 2016. This property was built in 1891. 29 Walnut St is a home located in Androscoggin County with nearby schools including Governor James B Longley Elementary School, Lewiston Middle School, and Lewiston High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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