Lewiston, ME 04240 125 Pierce Street
$399,900
Pending
Presented By: Maine Source Realty;
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