Multi-Family for Sale: 125 Pierce Street, Lewiston, ME 04240 SOLD

6 full baths
$340,000
$340,000
125 Pierce Street, Lewiston, ME 04240 SOLD
6 full baths
$340,000
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Selling Price: $340,000
Original List Price: $399,900
Sold at 85.0% of list price
Sold Date: 10/29/2024

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Type Multi-Family
Style Cape, Multi-Level
Total Baths 6 full baths
Square Feet 5,734 sqft
Lot Size 0.10 acres
Year Built 1891
Taxes Paid $3,551
City Lewiston
County Androscoggin
MLS 1600170
Status Closed
DOM 77 days
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!

Room Features

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

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $3,551

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 5
Unit 3 Full Baths 1
Unit 3 of Bedrooms 3
Unit 3 of Rooms 5
Unit 4 Full Baths 1
Unit 4 of Bedrooms 3
Unit 4 of Rooms 5
Unit 5 Full Baths 1
Unit 5 of Bedrooms 2
Unit 5 of Rooms 4
Unit 6 Full Baths 1
Unit 6 of Bedrooms 2
Unit 6 of Rooms 4

Price History of 125 Pierce Street

Date Name Price Difference
08/13/2024 Listing Price $340,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Maureen Carey
Direct: 603-944-7834
Office
560 High Street
Hampton, NH 03842
603-929-1100
Listed by Maine Source Realty, Dustin Mallar 207-333-6001
Sold by Real Broker, Alexander Hoyt 207-272-3984
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20%
1.0444117647059%
6.75%
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Listing information courtesy of: Maine Source Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.