8 Unit Multifamily Building For Sale

100% Newly Renovated. Purchase Price: $429,000. Cap Rate: 10%.

Short-term Financing Available. BROKERS ARE PROTECTED.

Address: 206-208 Park St.

Located in an area with Enormous housing demand.


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Property Summary:

The Offering: 206-208 Park St is a newly renovated multifamily building, representing the highest quality rentals available in Lewiston, ME. The building has been functionally and aesthetically updated every way, including 8 units remodeled with hardwood & tiled floors, new natural gas boilers, new roof system, new domestic plumbing and new arch-fault electrical breakers. This building’s beautiful apartments will attract the highest quality renters in the area, and the high efficiency upgrades will ensure low utility bills.

The building is located in in Lewiston, ME. an area with an enormous housing demand. Lewiston's predominant industries are healthcare, manufacturing, food & beverage. Prominent employers include Central Maine Medical Center, TD Bank, Formed Fiber Technologies, Tambrands, Panolam & L.L. Bean.