111-117 Ash Street
Property Description
15 units, three neighboring properties, and an opportunity to build upon an already established investment! Located at 111, 115, and 117 Ash Street in Lewiston, this multifamily portfolio offers a combination of existing rental income, substantial improvements, and additional potential for increased revenue. Nearly every unit at 111 Ash Street has been renovated, while four units across the portfolio are currently vacant as part of the owner's disposition strategy, providing an opportunity for a new owner to increase occupancy and rental income. Situated directly across from the historic Basilica of Saints Peter and Paul, where the tolling of church bells adds a distinctive touch of old-world charm to the surrounding streetscape, the properties enjoy a recognizable setting just minutes from downtown Lewiston. With all three buildings located immediately beside one another, the portfolio offers the convenience of centralized management and potential operational efficiencies. Featuring a mix of studio, one-bedroom, and three-bedroom apartments, this offering provides an opportunity to capitalize on existing income while working toward increased occupancy and long-term investment performance.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,500,000 |
| No. of Units: | 15 |
| Year Built: | 1891 |
| Lot Size: | 13,794.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $100,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 16 |
ID: 3yd-MREISME-1680498
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