20 Lee Road
Lincoln
$227,000
Active Multi-Family MLS# 1608516
  • Type: Multi-Family
  • 3 Baths
  • 3 Units
  • Year Built: 1915
  • 2,200 SqFt
  • 0.2 Acres

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.

  • Style New Englander
  • Year Built 1915
  • Lot Size 0.2 acres
  • SQFT Finished Above Grade 2200
  • County Penobscot
  • City Lincoln
  • Zone residential
  • Location Near Town, Rural
  • Water Frontage No
  • Seasonal No
  • Full Tax Amount $1,872.00
  • Tax Year 23
  • Association Fee $0.00
  • Total Units 3
  • Baths Total 3
  • Baths Full 3
  • Basement Brick/Mortar, Dirt Floor, Full, Unfinished, Walkout Access
  • Construction Wood Frame
  • Exterior Wood Siding
  • Foundation Materials Brick/Mortar, Granite, Gravel/Pad, Poured Concrete
  • Basement Brick/Mortar, Dirt Floor, Full, Unfinished, Walkout Access
  • Roof Shingle
  • Floors Carpet, Laminate, Vinyl, Wood
  • Heat System Baseboard, Hot Water
  • Heat Fuel Oil
  • Gas No Gas
  • Water Heater Electric
  • Electric Yes
  • Water Yes
  • Waste Water Disposal Public Sewer
  • Driveway Gravel
  • Parking 5 - 10 Spaces, On Site
  • Roads Paved, Public
Listed By:
Trinity Business Brokers