$599,900

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216 East Avenue, Lewiston, ME, 04240

216 East Avenue, Lewiston, ME, 04240
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4 Full / 1 Half baths

1924

High Rise

4,944 sqft

Investment opportunity with period woodwork throughout!!! 5-Unit 4,944 sq/ft-maintained building with long term tenants to include a business tenant. Building features One business tenant, Two 1-bedroom units, One 2-3-bedroom unit, and one efficiency unit. 1st floor rear, 2nd floor, and 3rd floor rear all have enclosed storage and porches attached to the units. The building was professionally lead abated in 2019, windows are vinyl and installed prior to current owner. Due to a power surge on East Ave caused by an accident, the boiler was damaged, and Powell's heating rebuilt. All 3 units have new electric hot water heaters. There is a 3-car garage, the landlord uses one space, and the second-floor tenants occupies the other 2 spaces. Building is located in the heart of Lewiston nearby to shopping & entertainment. Rents are below market rate. All units are rented and require 24-36 hours' notice for showings.

Status:

Active

Type:

Multi-family

Units:

5

Zoning:

MDR

Frontage:

147

Garage:

3-car

Heating:

Radiator, Hot Water

Cooling:

None

Basement:

Brick/Mortar, Exterior Entry, Bulkhead

Levels:

3

Parking:

5 - 10 Spaces, Paved, Detached, On Street

Acreage:

0.11

Est. Taxes:

$3,861

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Corner Lot, Intown, Near Public Transit

Pet Policy:

No Restrictions

MLS #:

1587601

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Bearfoot Realty