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172 Blake Street

Lewiston, ME 04240
  • $6,000,000
  • STATUS: Active
  • MLS #: 1542040
UPDATED: 68 min ago
$6,000,000
  • 0
    BEDS
  • 2.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 60,747
    SQFT
Type:
Multi-Family
Built:
1881
County:
Area:

School Ratings & Info

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Description

This high quality portfolio in the fastest growing Southern Maine investment market contains 58 units in 11 buildings, centrally located in the Downtown area and in close proximity to one another. Very strong rental income with historic vacancy and delinquency rates near zero. All buildings have parking; most units have had significant upgrades and some have been renovated from the studs-in. Some of the recent improvements include heating systems, plumbing, wiring, insulation, decking and cabinetry. This portfolio has been operated by an extremely hands-on owner/manager, which is evident in the care of the buildings and the tenants. Fantastic opportunity to land a large, turnkey and profitable portfolio in this up-and-coming market. Property addresses and unit counts as follows: 172-176 Blake St - 15 units, 228 East Ave - 6 units, 167 Pine St - 6 Units, 215-217 Blake St - 5 units, 809 Sabattus St - 4 units, 53 Maple St - 4 Units, 119-121 Pierce St - 3 Units + SFH, 39 Howard St - 3 units, 166 Blake St - 3 units, 174 Bartlett St - 3 units, 487 Main St - Commercial Space + 1 Residential unit

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Maine Real Estate Information Systems logo
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.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-02-03T06:47:59.817.
www.thenewenglandreco.com/homes/132782969
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172 Blake Street Lewiston, ME 04240

  • Price: $6,000,000
  • Status: Active
  • On Site: Days
  • Updated: 68 min ago
  • MLS #: 1542040
0
Beds
0
Baths
0
½ Baths
2.09
Acres
60,747
SQFT
$99
$/SQFT
1881
Built
County:
Androscoggin
Area:
Lewiston
Property Description
This high quality portfolio in the fastest growing Southern Maine investment market contains 58 units in 11 buildings, centrally located in the Downtown area and in close proximity to one another. Very strong rental income with historic vacancy and delinquency rates near zero. All buildings have parking; most units have had significant upgrades and some have been renovated from the studs-in. Some of the recent improvements include heating systems, plumbing, wiring, insulation, decking and cabinetry. This portfolio has been operated by an extremely hands-on owner/manager, which is evident in the care of the buildings and the tenants. Fantastic opportunity to land a large, turnkey and profitable portfolio in this up-and-coming market. Property addresses and unit counts as follows: 172-176 Blake St - 15 units, 228 East Ave - 6 units, 167 Pine St - 6 Units, 215-217 Blake St - 5 units, 809 Sabattus St - 4 units, 53 Maple St - 4 Units, 119-121 Pierce St - 3 Units + SFH, 39 Howard St - 3 units, 166 Blake St - 3 units, 174 Bartlett St - 3 units, 487 Main St - Commercial Space + 1 Residential unit
Exterior Features

Construction Wood Frame Driveway GravelPaved Exterior Vinyl SidingWood Siding Parking 21+ SpacesOff StreetOn Site Roads Public Site LevelOpen Vehicle Storage 2 Car Water Info Water Frontage No Water Info Water View No

Interior Features

Basement Full Floors CarpetLaminateTileWood Units Number Of1 Bd Units 0 Units Number Of2 Bd Units 0 Units Number Of3 Bd Units 0 Units Number Of4 Or More Bd Units 0

Property Features

Amenities Laundry - Coin Cooling None Electric Circuit Breakers Full Tax Amount Amount 42370.00 Gas Natural - At Street Heat Fuel Gas Natural Heat System BaseboardForcedHot Water Leased Land No Location Intown Lot 078 Seasonal No Sewer Public Sewer Sqft Finished Above Grade 60747.00 Sqft Finished Below Grade 0.00 Sqft Source Public Records Style Multi-Level Surveyed No Tax Year 2021 Water Public Zoning Various Zoning Overlay No

Maine Real Estate Information Systems logo Listing provided courtesy of Vitalius Real Estate Group, Llc: [IDXCONTACTINFORMATION].

© 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
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.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-02-03T06:47:59.817.
 
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Camden ME, 04843
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