Lewiston, ME 04240 125 Pierce Street

Pending
125 Pierce Street Lewiston, ME - Image 1
Presented By: Maine Source Realty;
  • MLS# 1600170
  • 08/13/2024
  • Request Tour
  • Request Info
  • Baths • 6
  • SQFT • 5,734

Home Details

125 Pierce St - Lucrative 6-Unit Investment with Owner-Occupancy Option Step into a rewarding investment opportunity with 125 Pierce St, a 6-unit property offering excellent cash flow potential. This versatile building is ideal for both seasoned investors and prospective owner-occupants seeking a stable and profitable asset. Key Features: Strong Cash Flow: Benefit from the reliable income generated by this property, with a solid track record of consistent rental revenue. Owner-Occupancy Opportunity: One unit is currently vacant, presenting the unique chance for you to live in the building while enjoying income from the other five units. Long-Term Tenants: Four of the units are occupied by tenants who have been renting for nearly a decade, reflecting the property's stability. Modern Safety Features: Each unit is equipped with its own dedicated electrical panel and new fire extinguishers, ensuring safety and convenience for all residents. This property offers a fantastic investment potential. Don't miss out on this exceptional opportunity at 125 Pierce St - secure your future and enhance your portfolio today!
Presented By: Maine Source Realty;

Interior Features for 125 Pierce Street

Bathrooms

Half Baths0
Total Baths6

Other Interior Features

Above Grade Finished Area5734.0
Air Conditioning Y/NNo
BasementBulkhead, Full, Exterior Entry, Interior Entry, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
Electric On Property Y/NNo
FlooringWood, Vinyl, Laminate
Heating Y/NYes
Total Stories3

General for 125 Pierce Street

Additional Parcels Y/NNo
Architectural StyleCape, Multi-Level
Attached Garage No
Carport Y/NNo
CityLewiston
Construction MaterialsWood Siding, Asbestos, Wood Frame
CoolingNone
CountyAndroscoggin
ElectricCircuit Breakers
Full Baths6
Garage Y/NNo
Gross Income75600.0
HeatingMulti-Zones, Hot Water, Baseboard
Home Owner AssocNo
Home Warranty Y/NNo
Interior FeaturesStorage
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet4356.0
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal6
Operating Expense28982.0
Pets AllowedNo Restrictions
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount3551.0
Tax Lot095
Tax Year2023
UtilitiesUtilities On
View Y/NNo
Waterfront Y/NNo
Year Built1891
ZoningDowntown Res

Exterior for 125 Pierce Street

Building Area Total5734.0
Crops Included Y/NNo
Foundation DetailsStone, Brick/Mortar
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, Sidewalks, Intown, Near Turnpike/Interstate
Lot Size Acres0.1
Lot Size Area0.1
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features1 - 4 Spaces, Gravel, Paved, Off Street
Road Surface TypePaved
SpaNo
Water SourcePublic

Additional Details

Price History

Dustin Mallar

Broker
Price $399,900
MLS#1600170
List Date 08/13/2024
Property Type Pending
Phone 207.513.0373
Request Tour
Request Info
Visit My Website

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