Lewiston, ME 04240,125 Pierce ST
Lewiston, ME 04240,125 Pierce ST
2
Listed by Maine Source Realty
Bought with Real Broker
$340,000
$399,900
15.0%
Est.Price: ?

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6 BA
5,734 SqFt

125 Pierce ST Lewiston, ME 04240

SOLD DATE : 10/29/2024

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Key Details

Sold Price $340,000

Property Type Multi-Family

Listing Status Sold

Square Footage 5,734 sqft

MLS Listing ID 1600170

Sold Date 10/29/24

Style Cape,Multi-Level

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 5,734

Originating Board Maine Listings

Year Built 1891

Annual Tax Amount $3,551

Tax Year 2023

Lot Size 4,356 Sqft

Acres 0.1

Property Description

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!

Location

State ME

County Androscoggin

Zoning Downtown Res

Rooms

Basement Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished

Interior

Interior Features Storage

Heating Multi-Zones, Hot Water, Baseboard

Cooling None

Flooring Wood, Vinyl, Laminate

Exterior

Parking Features 1 - 4 Spaces, Gravel, Paved, Off Street

View Y/N No

Roof Type Shingle

Street Surface Paved

Garage No

Building

Lot Description Level, Sidewalks, Intown, Near Turnpike/Interstate

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Cape, Multi-Level

Structure Type Wood Siding,Asbestos,Wood Frame

Others

Energy Description Oil

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Maine MLS (MREIS) IDX

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Chris Davis

Agent | me.BA924046

+1(207) 756-2442

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