280 Lincoln Street, Lewiston, ME, 04240 | $159,900

Investor & Contractor Special - Unlock the Potential! This is a fantastic opportunity for savvy investors, flippers, or contractors looking for their next project. Located next to a small city park with river views, this multi-unit building offers great bones and serious upside for the right buyer. The first floor has been completely gutted. It's a blank slate waiting for your finishing touches. Whether you're planning another base rental unit or custom owner-occupied space, all the demo work is already done, saving you time and money. The second and third floors were recently rented and require some cosmetic updates to bring them up to rentable standards. With some light TLC. . . cleaning, painting, etc, you could have two income-producing units up and running quickly, while finishing the first floor at your own pace. Please note: This property will not qualify for conventional financing. It's best suited for buyers using cash, hard money, or private capital. With the right vision, this could be a high-yield rental, a smart flip, or a long-term hold with excellent equity potential. Properties with this kind of value-add opportunity don't last long—schedule your showing today and see the potential for yourself! (Please note some pics are from when the building was previously rented) PROPERTY BEING SOLD 'AS-IS'.

Features

  • Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Baths: 4 full
  • Units: 3
  • Style: Other
  • Year Built: 1891
  • Heating: Baseboard
  • Cooling: None
  • Basement: Walk-Out Access, Exterior Only, Unfinished
  • Approx Sq. Feet: 2,554
  • Acreage: 0.06
  • Est. Taxes: $2,324
  • Lot Desc: Open, Level, Sidewalks, Intown, Near Turnpike/Interstate, Near Town, Near Public Transit
  • Pet Policy: No Restrictions
  • MLS#: 1629380
  • Website: https://www.raveis.com
    /prop/1629380/280lincolnstreet_lewiston_me?source=qrflyer
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Listing courtesy of Spectrum Real Estate

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