Building Details:
• Year Built: 1905
85 Wood St is located in Lewiston, ME.
This 3-unit apartment building sits on a double lot. The property is in good condition and is in close proximity to Downtown Lewiston and walking distance to Bates College. The property is currently 100% leased (as of Nov. 2014). Tenants pay their own electricity and each unit has it’s own private deck area. The top floor makes a great owner/user unit. Each unit has their own storage area. Each of the three units are large. Overall a solid property in a residential intensive neighborhood.
The unit mix of the building includes a 1-2 bedroom unit, a 2 bedroom unit and a 4 bedroom unit. As of November 2014 the building is 100% occupied. With the size and quality of the units and it’s close proximity to Bates College, finding tenants should not be a problem. See brochure for cash flow model.
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