272 Lisbon Street, Lisbon, ME, 04250

ATTENTION INVESTORS! This four-unit multifamily property offers an excellent opportunity with strong rental potential. Situated on a lot with ample parking, this investment property is conveniently located near all in-town amenities, making it highly desirable for tenants. Each of the four units features 1 bedroom, 1 bath, a small applianced kitchen, and a living room. Tenants benefit from dedicated heating systems in each unit, primarily gas monitor heaters. Flooring throughout the property is a mix of hardwood, vinyl, laminate, and some carpeting. Some rents currently below market value, there is potential for investors looking to increase cash flow. Units 1,2, and 4 are occupied, and showings require at least 24 hours notice. Unit 1 is being renovated currently, Unit 3 has recently been renovated. Located in the Village (V) district, this .58-acre corner lot meets town requirements for an Accessory Dwelling Unit (ADU)—3,000 sq. ft. per dwelling unit (with town sewer) and 50 feet of frontage. Adding an ADU requires Planning Board approval and if 3+ units a fire sprinkler system. Back of lot has been cleared for ADU. Additional code requirements may apply. Contact Mark C. Stambach - Code Enforcement Officer Don't miss this opportunity to add an income-producing property to your portfolio. Schedule your showing today!

Listing courtesy of Fontaine Family-The Real Estate Leader