94 College StreetLewiston, ME 04240Sale Price: $575,000

Looking 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.