50 Knox St, Lewiston, Maine, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$525,000

50 Knox St
Lewiston, Maine, United States

8ba

Listed By: Realtyww Info

Listed On: 08/29/2024

Listing ID: GL11383154 View More Details

Description

SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains. Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)

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Listed by: Tyler Stewart