Bought with Alexander Hoyt Real Broker
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125 Pierce ST Lewiston, ME 04240
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Key Details
Sold Price $340,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,734 sqft
Price per Sqft $59
MLS Listing ID 1600170
Sold Date 10/29/24
Full Baths 6
HOA Y/N No
Year Built 1891
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Source Maine Listings
Land Area 5734
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 Interior, Bulkhead, Full, Unfinished
Interior
Interior Features Storage
Heating Zoned, Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl, Laminate
Equipment Internet Access Available
Exterior
Parking Features 1 - 4 Spaces, Gravel, Paved, Off Street
Utilities Available Utilities On
Roof Type Shingle
Garage No
Building
Lot Description Level, Sidewalks, Intown, Near Turnpike/Interstate
Entry Level Multi-Level
Foundation Stone, Brick/Mortar
Water Public
Architectural Style Other, Cape Cod
Level or Stories 3
Others
Tax ID LEWI-000196-000000-000095
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