50-54-56 Knox Street

Lewiston, ME 04240

MLS ID# 1501648 Closed

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Closed $760,000

29365 sqft

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Details

Description

This 20 Units money making very solid Buildings consists of 3 buildings next to each other on one lot . 50 Knox has 8 units, 54 Knox has 8 units, and 56 has 4 units. There is a children playground and a community garden directly across the street in front of the property. All current rents are under fair market rent and property still generates over $100K annually. Additional 3 unit on 62 Knox St, (MLS#1501813) which is adjacent to this property can be purchased in the same transaction for additional price. Current owner did many updates since he purchased property in 2009. Vinyl windows, Natural gas boilers, Natural gas hot water heaters, Emergency exit stairways and many more. Driveway and parking spots also was repaved in 2021. Property went under State of Maine Lead abatement program several times. All records of Lead abatement programs are available for the buyer to review for 10 days. All records, agreements and owner obligations of lead abatement program will be transferred to the buyer upon closing. This 20 Units money making very solid Buildings consists of 3 buildings next to each other on one lot . 50 Knox has 8 units, 54 Knox has 8 units, and 56 has 4 units. There is a children playground and a community garden directly across the street in... show more

Location Information

• Street # 50-54-56
• Street Name Knox
• Street Type Street
• County Androscoggin
• Town Lewiston
• State/Province ME
• Zip Code 04240
• Zip +4 7483
• Leased Land No
• Book 7647
• Page 72
• Map 196
• Lot 260-261-262
• Zoning DR
• Zoning Overlay Yes
• Tax ID LEWI-000196-000000-000260
• Association No
• Full Tax Amount 7827
• Tax Year 2020

Property Information

• Surveyed Unknown
• Seasonal No
• Deed/Conveyance Type Offered Warranty
• Deed All
• Number of Units 20
• Total Baths 24
• Total Full Baths 24
• Total Half Baths 0
• Year Built 1881
• SqFt Finished Above Grade 29365
• SqFt Finished Below Grade 0
• SqFt Finished Total 29365
• SqFt Source Public Records
• Garage No
• Lot Size Acres +/- 0.36
• Source of Acreage Deed
• Road Frontage Yes
• Road Frontage +/- 150
• Source of Road Frontage Deed

Compensation & Misc Info

• Buyer Agency 2%

Details

• Site

  Level, Open, Sidewalks

• Roads

  Paved, Public

• Water Info

  No Water Frontage, No Water View

• Income & Expenses

  Gross Income:205800, Operating Expenses:101800

• Units

  # of 1 BD Units:0, # of 2 BD Units:4, # of 3 BD Units:8, # of 4+ BD Units:8

• Unit 1

  Lease, Level:First, Security Deposit, Monthly Rent:800, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 2

  Lease, Level:Second, Security Deposit, Monthly Rent:850, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 3

  Lease, Level:Third, Security Deposit, Monthly Rent:700, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 4

  Lease, Level:Four +, Security Deposit, Monthly Rent:750, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 5

  Lease, Level:First, Security Deposit, Monthly Rent:700, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 6

  Lease, Level:Second, Security Deposit, Monthly Rent:620, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 7

  Lease, Level:Third, Security Deposit, Monthly Rent:700, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 8

  Lease, Level:Four +, Security Deposit, Monthly Rent:745, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 9

  Lease, Level:First, Security Deposit, Monthly Rent:1400, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 10

  Lease, Level:Second, Security Deposit, Monthly Rent:1250, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 11

  Lease, Level:Third, Security Deposit, Monthly Rent:900, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 12

  Lease, Level:Four +, Security Deposit, Monthly Rent:900, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 13

  Lease, Level:First, Security Deposit, Monthly Rent:1150, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 14

  Lease, Level:Second, Security Deposit, Monthly Rent:850, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 15

  Lease, Level:Third, Security Deposit, Monthly Rent:730, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 16

  Lease, Level:Four +, Security Deposit, Monthly Rent:811, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 17

  Lease, Level:First, Security Deposit, Monthly Rent:1400, # Full Baths:2, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 18

  No Lease, Level:Second, No Security Deposit, Monthly Rent:1400, # Full Baths:2, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 19

  Lease, Level:Third, Security Deposit, Monthly Rent:1400, # Full Baths:2, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Unit 20

  Lease, Level:Four +, Security Deposit, Monthly Rent:1000, # Full Baths:2, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

• Style

  High Rise, Multi-Level

• Construction

  Wood Frame

• Basement

  Full, Unfinished

• Basement Entry

  Interior

• Foundation Materials

  Brick/Mortar, Granite

• Exterior

  Aluminum Siding, Asbestos, Vinyl Siding

• Roof

  Flat

• Heat System

  Baseboard, Hot Water, Multi-Zones

• Heat Fuel

  Gas Natural

• Water Heater

  Gas, Off Heating System

• Cooling

  None

• Floors

  Vinyl, Wood

• Amenities

  Fence

• Driveway

  Paved

• Parking

  11 - 20 Spaces, Off Street, On Site, Paved

• Vehicle Storage

  No Vehicle Storage

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Natural - On Site

• Sewer

  Public Sewer

• Water

  Public

• Sold Info

  Buyer's Zip Code:02741, Seller Contributions:5000.00, Appraiser:002653, Appraiser Name:Gary Savard, Appraiser Phone Number:207-784-5800, Appraiser Email Address:[email protected]

• Sold Terms

  Other

• Sold Terms Other

  Not Applicable