Seller's Agent in 2024
Renee Roy
Better Homes & Gardens Real Estate/The Masiello Group
(207) 212-3134
29 in this area
204 Total Sales
94 College St Lewiston, ME 04240
--
Bed
16
Baths
6,094
Sq Ft
7,405
Sq Ft Lot
Highlights
- Property is near public transit
- Porch
- Level Lot
- No HOA
- Baseboard Heating
- Vinyl Flooring
About This Home
As of April 2024Looking for an opportunity to invest in real estate in beautiful Maine? Look no further than this 16-unit property located in a prime location with easy access to all the amenities this charming city has to offer.
For those desiring a bit more of a value add to their investment, there are 4-one-bedroom apartments, that need to be finished, currently they are studded, wired, plumbed w/showers and fire alarm systems. (these 4 units are included in the 16 units) This building offers new vinyl siding, fire escapes, fire alarm panel, wiring, heat sensors, pull stations, a 2018 natural gas boiler and the basement was recently spray foamed for efficiency.
Featuring a diverse selection of units, this property caters to a wide range of tenants. Among the 16 units, you will find seven spacious efficiencies, perfect for those seeking a low-maintenance lifestyle. Additionally, five of these efficiencies are equipped with private bathrooms. The four-1 bedroom units are not finished. The property management company in place would agree to continue to manage the building for added convenience.
Furthermore, the property is ideally situated near both hospitals, schools, local shops, restaurants, and entertainment options, ensuring tenants have everything they need right at their doorstep.
Lewiston, known for its vibrant arts scene, picturesque parks, and rich cultural heritage, offers a unique quality of life that attracts both residents and tourists alike. As Maine's second-largest city, it provides excellent job opportunities and a strong rental demand, making this investment an exceptional opportunity.
Last Agent to Sell the Property
Better Homes & Gardens Real Estate/The Masiello Group Listed on: 09/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,580
Year Built
- Built in 1861
Lot Details
- 7,405 Sq Ft Lot
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 6,094 Sq Ft Home
- 3-Story Property
Flooring
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Porch
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Radiator
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 318
- Assessor Parcel Number LEWI-000194-000000-000318
Community Details
Overview
- No Home Owners Association
- 16 Units
Pet Policy
- No Dogs Allowed
Building Details
- Operating Expense $26,332
- Gross Income $69,360
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2024 04/17/24 | Sold | $575,000 | -17.8% | $94 / Sq Ft |
| 02/28/2024 02/28/24 | Pending | -- | -- | -- |
| 09/07/2023 09/07/23 | For Sale | $699,900 | -- | $115 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Renee Roy
-
Amanda Salovitch
A
Buyer's Agent in 2024
Amanda Salovitch
Dream Home Realty LLC
(207) 951-8021
1 in this area
41 Total Sales
-
Sarah Msuya
Buyer Co-Listing Agent in 2024
Sarah Msuya
Dream Home Realty LLC
(207) 887-9543
11 in this area
111 Total Sales
Map
Source: Maine Listings
MLS Number: 1571325
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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