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78 Howard Street
Lewiston, ME 04240-6913
Asking Price
$585K
Cap Rate
6.35%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 6 Units | $97,500/unit <p>6-unit multifamily property in Lewiston, Maine</p><p>Five 1-bedroom units and one 2-bedroom unit</p><p>Current NOI: $37,157</p><p>Pro Forma NOI: $41,374</p><p>Three units offering immediate lease-up opportunity</p><p>Professional management company willing to remain in place</p><p>Natural gas heat, public water, and public sewer</p><p>Value-add potential through lease-up and rent optimization</p><p>Offered at $585,000</p>
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NOI
$80,000
Cap Rate
13.68%
DSCR
2.30
Strong
Cash-on-Cash
25.79%
Monthly Payment
$2,894.261
Annual Cash Flow
$45,268.87
