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496 Sabattus St
Lewiston, ME 04240
496 Sabattus Street · Multifamily Property For Sale
·
55 Units
EXECUTIVE SUMMARY
First time on the market in over 40 years! This well-maintained 10 unit apartment building is a rare investment opportunity in a prime location. Featuring a newer gas boiler and a recently replaced roof, the property has been thoughtfully cared for and is in excellent shape. With a solid rental history and a roster of long-term, respectful tenants, this building offers both stability and immediate cash flow. Its strong mechanicals, clean condition, below market rents and unbeatable location makes it ideal for investors looking for a turnkey asset with upside potential. Don't miss your chance to own this legacy property!
PROPERTY FACTS Under Contract
| Price Per Unit | $24,455 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 2.41% | Building Size | 6,978 SF |
| No. Units | 55 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CB | ||
| Price Per Unit | $24,455 |
| Sale Type | Investment |
| Cap Rate | 2.41% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,978 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | CB |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Individual Locking Bedrooms
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
| 1+1 | 37 | - | - |
PROPERTY TAXES
| Parcel Number | LEWI-000146-000000-000328 | Improvements Assessment | $209,580 |
| Land Assessment | $25,320 | Total Assessment | $234,900 |
PROPERTY TAXES
Parcel Number
LEWI-000146-000000-000328
Land Assessment
$25,320
Improvements Assessment
$209,580
Total Assessment
$234,900
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