85 Horton St is amulti-family property for lease in Lewiston, ME.
This 12-unit apartment building is located just off a couple blocks away from The Androscoggin Bank Colisee in Downtown Lewiston. The property has had some recent improvements including a new high efficient gas heating system. All of the twelve units are 1-bedroom apartments with tenants paying their own electricity and heat & hot water is included. Other improvements include replacement windows in 2004, storm water drain on the roof in 2006 and new rubber roof in 2012. With the new improvements there is the potential to increase the rents in this building. There is a larger parking surface immediately abutting the building (which is part of the same property) to allow for many parking spaces for this building. The overall condition of this property is good.
The building is currently mostly occupied. Potential Gross Income is approaching $80,000. See brochure for cash flow model.
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- Chris Norwood, agent and Rofo Pro