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About This Home
This 0-bedroom, 6-bathroom residential multi family at 78 Howard Street in Lewiston, ME is listed for $585,000 ($81 per sqft). Built in 1925, the home offers 7,200 sqft of living space on a 0.11 acres lot.
Your next investment is already running smoothly It is time to let your money work for you - not the other way around! 78 Howard Street is the kind of deal every investor is looking for. Already under professional management, with many major expenses already taken care of.
But not so upgraded that it has lost any potential for value add. A new investor can make a few light changes, fill vacancy, and step into potential increased equity. Once filled at market rent you're looking at right around a 10% cap rate. The existing management team knows the property and wants to stay on.
No hassle of interviewing management, trying to keep your records straight, or adding personel to your current team to handle more units. At $585,000, this is an accessible entry point into Lewiston's growing rental market with a clear, low-effort path to full stabilization. Schedule your showing today!
Key Features
- Built in 1925
- 0.11 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$3,129/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
78 Howard Street
Lewiston, ME 04240
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 6-bathroom residential multi family at 78 Howard Street is listed at $585,000 ($81/sqft). The estimated monthly payment is $2,535 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.11 acre lot, 3 stories.
This property is listed by Malachi Winslow and can be reached at 2077408577 or Malachi@winslowgroupmaine.com.
