Located in Lewiston, this well-maintained 6-unit multifamily property presents a strong opportunity for investors seeking immediate cash flow and long-term stability. The building has undergone significant upgrades, including new siding, a new furnace, and cosmetic improvements across all units. Currently profitable with a high cap rate, this asset stands out as a solid buy-and-hold investment in today's market. Two units are currently vacant with leasing, making the property easy to show. Once those units are leased, the monthly rent roll will exceed $9,000. The property is professionally managed by Simplified Management and management is willing to continue services for the new owner if desired. With major systems already updated and income potential in place, this is an attractive, turnkey investment opportunity for anyone looking to get started or add to an existing portfolio.

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12-14 College StreetLewiston, ME 04240Price: $669,900

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Property Details of 12-14 College Street

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Property

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Interior Features

Basement

Other

Exterior Features

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Utilities and Appliances

Utilities and Appliances

Other Details

Finance

Water

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Matt McAleney

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