Multi-Family for Sale: 20 Lee Road, Lincoln, ME 04457

3 full baths
$227,000
$227,000
20 Lee Road, Lincoln, ME 04457
3 full baths
$227,000
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Price:
$227,000

Type Multi-Family
Style New Englander
Total Baths 3 full baths
Square Feet 2,200 sqft
Lot Size 0.20 acres
Year Built 1915
Taxes Paid $1,872

City Lincoln
County Penobscot

MLS 1608516
Status Active
Investment Opportunity: Prime 3-Unit Apartment in a Thriving Community Discover an exceptional investment opportunity with this well-maintained 3-unit apartment complex, perfectly situated in the heart of a vibrant small community. Just a short stroll from bustling restaurants, unique shops, and a charming downtown area, these properties boast a prime location that appeals to both residents and investors alike. This delightful locale is enriched by the presence of 13 stunning lakes, creating an ideal environment for outdoor enthusiasts and offering a serene and tranquil living experience. Whether it's a leisurely stroll by the lake or an adventure on the water, this community offers endless enjoyment for nature lovers. Currently, our community is experiencing invigorating economic development, thanks in part to grant funding dedicated to the redevelopment of a historic local factory. This initiative is poised to significantly boost economic growth, making this property not only a wise choice for stable income but also a prospect for significant appreciation over time. The well-maintained properties are home to long-term tenants who cherish their living spaces, emphasizing the stability and desirability of this investment. Moreover, for first-time homebuyers, this presents a unique opportunity: live in one unit while the rental income from the other two units helps pay the mortgage. Furthermore, the property is primed for modern upgrades, with natural gas conveniently running along the road front. It can be converted for a cost of $6,500, enhancing the value and appeal of the units. Take advantage of this rare chance to invest in a flourishing community poised for growth and transformation. Whether you're an investor seeking a reliable income stream or a homebuyer looking for an innovative way to enter homeownership, this opportunity is not to be missed. For more information or to schedule a viewing, please contact us today.

Room Features

Basement Description Brick/Mortar, Walk-Out Access, Unfinished, Full, Dirt Floor

Lot & Building Features

Cooling None
Tax Year 23
Taxes Paid $1,872

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 1
Unit 1 of Rooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 3
Unit 2 of Rooms 7
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 3 of Rooms 5

Price History of 20 Lee Road, Lincoln, ME

Date Name Price Difference
11/02/2024 Listing Price $227,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 20 Lee Road, Lincoln, ME

Location Map Street View
Photo of Wayne Sigman
Direct: 603-860-0758
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Trinity Business Brokers, Sherry Robbins & Jennifer Morin 207-922-3276
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20%
0.82485462555066%
6.75%
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20 Lee Road (MLS #1608516) is a new englander multi-family listing located in Lincoln, ME. This multi-family listing is 2,200 sqft and on a lot of 8,712 sqft (or 0.20 acres) and is 109 years old. This property was listed on 11/01/2024 and has been priced for sale at $227,000.

Nearby zip codes are 04417 and 04493. This property neighbors other cities such as Burlington, Chester, Enfield, Lowell and Mattamiscontis Twp.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Trinity Business Brokers

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.