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272 Lisbon Street, Lisbon, ME 04250

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For Sale

$330,000

4 baths2,128 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $155.08
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

ATTENTION INVESTORS! This four-unit multifamily property offers an excellent opportunity with strong rental potential. Situated on a lot with ample parking, this investment property is conveniently located near all in-town amenities, making it highly desirable for tenants. Each of the four units features 1 bedroom, 1 bath, a small applianced kitchen, and a living room. Tenants benefit from dedicated heating systems in each unit, primarily gas monitor heaters. Flooring throughout the property is a mix of hardwood, vinyl, laminate, and some carpeting. Some rents currently below market value, there is potential for investors looking to increase cash flow. Units 1,2, and 4 are occupied, and showings require at least 24 hours notice. Unit 1 is being renovated currently, Unit 3 has recently been renovated. Located in the Village (V) district, this .58-acre corner lot meets town requirements for an Accessory Dwelling Unit (ADU) 3,000 sq. ft. per dwelling unit (with town sewer) and 50 feet of frontage. Adding an ADU requires Planning Board approval and if 3+ units a fire sprinkler system. Back of lot has been cleared for ADU. Additional code requirements may apply. Contact Mark C. Stambach - Code Enforcement Officer Don't miss this opportunity to add an income-producing property to your portfolio. Schedule your showing today!
MLS# 1636369

Courtesy Of Fontaine Family - The Real Estate Leader
336 Center St., Auburn, ME 04210
(207) 784-3800

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Laminate, Vinyl, Wood
  • Heating System
    Forced Air
  • Lot Size
    0.58 Acres

Map and Directions

Directions to 272 Lisbon Street, Lisbon, ME 04250
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