20 Sylvan Avenue

Lewiston, ME 04240
Baths
5
Square Ft.
2,663
$725,000
Income-Generating Opportunity in Prime Location! Looking for a property that offers both a comfortable home and steady income...This versatile investment is perfect for you! Updated & Ready: Featuring five renovated units, new water heaters, new roofs (2021), and a five-year-old furnace, ensuring efficiency and convenience. Two Buildings on one lot, with on-site parking is a perfect setup providing flexibility and potential for increased rental income. Low Maintenance & Central Location: Situated in a great neighborhood, making upkeep a breeze and offering easy access to transportation and local amenities. Seize this fantastic opportunity—whether you're seeking a reliable investment or a new home with rental income potential! Family members are living in 2 units which reflects in rental income. All tenants are month to month. Please allow 60 days for tenants to move out, if necessary.
Market LogoCourtesy of Legacy Realty 207-376-4830
Listing Snapshot
Days Online
51
Last Updated
Full Baths
5
Square Ft.
2,663
Lot Size
0.23 Acres
Year Built
1911
MLS Number
1622964
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Brick/Mortar", "Full", "Sump Pump", "Unfinished"
Building
Architectural Style: "Cape Cod", "Colonial", "New Englander", Building Area Total: 2,663, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 5, Year Built: 1911
Cooling
Cooling: "None"
Expenses
Operating Expense: $19,609
Exterior Features
Other Equipment: "Internet Access Available", Patio And Porch Features: "Porch", Patio And Porch Features: "Porch"
Floors
Flooring: "Vinyl", "Laminate"
Foundation
Foundation Details: "Concrete Perimeter", "Brick/Mortar"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $75,120
Interior Features
Features: "Bathtub", "Shower", "Storage"
Laundry
Features: "Washer Hookup"
Lot
Features: "Open", "Corner Lot", "Level", "Sidewalks", "Intown", "Near Shopping", "Neighborhood", "Near Public Transit", 0.23 acres, Area: 0.23, 10,019 square feet
Parking
Features: "5 - 10 Spaces", "Paved", "Common", "On Site", "Tandem"
Pets Policy
Pets Allowed: "No Restrictions"
Property
Parcel Number: LEWI-000174-000000-000134, Zoning: NCA
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $4,966, Tax Lot: 134
Utilities
Electric: "On Site", "Circuit Breakers", Water Source: "Public"
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Monthly Payment
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30 Days Snapshot Of 04240
$309k
+6%
(avg) sold price
32
+10%
homes sold
14
-33%
(avg) days on market
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Fred Andrews
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.