272 Lisbon StreetLisbon, ME 04250Price: $330,000

ATTENTION INVESTORS! This four-unit multifamily property offers an excellent opportunity with strong rental potential. Situated on a lot with ample parking, this investment property is conveniently located near all in-town amenities, making it highly desirable for tenants. Each of the four units features 1 bedroom, 1 bath, a small applianced kitchen, and a living room. Tenants benefit from dedicated heating systems in each unit, primarily gas monitor heaters. Flooring throughout the property is a mix of hardwood, vinyl, laminate, and some carpeting. Some rents currently below market value, there is potential for investors looking to increase cash flow. Units 1,2, and 4 are occupied, and showings require at least 24 hours notice. Unit 1 is being renovated currently, Unit 3 has recently been renovated. Located in the Village (V) district, this .58-acre corner lot meets town requirements for an Accessory Dwelling Unit (ADU)-3,000 sq. ft. per dwelling unit (with town sewer) and 50 feet of frontage. Adding an ADU requires Planning Board approval and if 3+ units a fire sprinkler system. Back of lot has been cleared for ADU. Additional code requirements may apply. Contact Mark C. Stambach - Code Enforcement Officer Don't miss this opportunity to add an income-producing property to your portfolio. Schedule your showing today!