About this home
Excellent investment opportunity at 10 Lyons Street in Machias! This well-maintained five-unit property is fully rented and is comprised of a desirable mix of two studio apartments, two one-bedroom apartments, and one two-bedroom apartment. Utilities are included in the rents, and the property features a new propane wall-hung boiler, off-street parking, and a good-sized backyard, all situated on a quiet street close to downtown and local amenities. A large storage area at the rear of the first floor may offer potential for expansion of an existing unit or conversion into a sixth unit. Buyers are encouraged to verify all intended uses and conversion possibilities with the municipality regarding applicable zoning, code, and permitting requirements.
Listing last checked: Listing updated:
Listed by Listing Agent · EXP Realty · MLS #1674980
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Details at a glance
Interior3 property facts
- Heating
- Propane, Baseboard, Hot Water
- Cooling
- None
- Flooring
- Vinyl
Building5 property facts
- Style
- Other
- Year built
- 1900
- Garage
- 0
- Foundation
- Granite
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.47 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- multi
Financial2 property facts
- Annual taxes
- $4,267
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $375,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,252 / monthAdjust
- Principal & interest
- $1,896
- Property tax
- $356
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,267. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 10 Lyons Street
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Request a tour of 10 Lyons Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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