216 East Avenue, Lewiston, ME 04240 (MLS # 1587601)
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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.
| LAST UPDATED | 4/27/2024 | YEAR BUILT | 1924 |
|---|---|---|---|
| GARAGE SPACES | 3.0 | COUNTY | Androscoggin |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Exterior Entry, Yes |
| BUYER'S BROKERAGE COMPENSATION | 2.0000 |
| CONSTRUCTION | Vinyl Siding |
| GARAGE | Yes |
| HEAT | Hot Water |
| LOT | 4792 sq ft |
| LOT DESCRIPTION | Corner Lot, Near Public Transit |
| MLS STATUS | Active |
| PARKING | Paved, Detached, On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | High Rise |
| TAXES | 3861 |
| WATER | Public |
| ZONING | MDR |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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