54 Pierce Street

Lewiston, ME 04240

MLS ID# 1559901 Pending

$375,000

4648 sqft


Description

Introducing an incredible investment opportunity! This 6-unit multi-family property is a fantastic value proposition for savvy investors. With a proven rental history and impressive income potential, it promises a solid return on investment. Each un... show more

Location Information

  • Street # 54
  • Street Name Pierce
  • Street Type Street
  • County Androscoggin
  • Town Lewiston
  • State/Province ME
  • Zip Code 04240
  • Zip +4 8058
  • Leased Land No
  • Book 11097
  • Page 156-157
  • Map 195
  • Lot 501
  • Zoning DR
  • Zoning Overlay Yes
  • Tax ID LEWI-000195-000000-000501
  • Association No
  • Full Tax Amount 3950
  • Tax Year 2022

Property Information

  • Surveyed Unknown
  • Seasonal No
  • Deed/Conveyance Type Offered Quit Claim w/Covenant
  • Deed All
  • Deed Restrictions Unknown
  • 2 Detached Houses on 1 Lot No
  • Number of Units 6
  • Total Baths 6
  • Total Full Baths 6
  • Total Half Baths 0
  • Year Built 1863
  • SqFt Finished Above Grade 4648
  • SqFt Finished Below Grade 0
  • SqFt Finished Total 4648
  • Garage No
  • Lot Size Acres +/- 0.1
  • Source of Acreage Public Records
  • Road Frontage Yes
  • Road Frontage +/- 42
  • Source of Road Frontage Public Records

Compensation & Misc Info

  • Buyer Agency 2%

Directions

Gps Friendly

Details

  • Site

    Level, Sidewalks

  • Roads

    Paved, Public

  • Water Info

    No Water Frontage, No Water View

  • Income & Expenses

    Gross Income:95472, Operating Expenses:34870

  • Units

    # of 1 BD Units:0, # of 2 BD Units:0, # of 3 BD Units:6, # of 4+ BD Units:0

  • Unit 1

    Lease, Level:First, Security Deposit, Monthly Rent:1550, # Full Baths:1, # of Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 2

    No Lease, Level:Second, No Security Deposit, Monthly Rent:0, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 3

    Lease, Level:Third, Security Deposit, Monthly Rent:1200, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 4

    Lease, Level:First, Security Deposit, Monthly Rent:1000, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 5

    Lease, Level:Second, Security Deposit, Monthly Rent:1450, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Unit 6

    Lease, Level:Third, Security Deposit, Monthly Rent:1200, # Full Baths:1, # Half Baths:0, Dedicated Electric Meter, No Dedicated Gas Meter, No Dedicated Water Heater, No Electric, Heat, Range, Refrigerator, Sewer, Water

  • Style

    Multi-Level, Other Style

  • Construction

    Wood Frame

  • Basement

    Full, Unfinished

  • Basement Entry

    Interior

  • Exterior

    Vinyl Siding

  • Roof

    Flat

  • Heat System

    Baseboard

  • Heat Fuel

    Gas Bottled, Gas Natural

  • Water Heater

    Gas

  • Cooling

    None

  • Floors

    Other, Vinyl, Wood

  • Driveway

    Common, Paved

  • Parking

    11 - 20 Spaces, Off Street, On Site

  • Vehicle Storage

    False, No Vehicle Storage

  • Electric

    Circuit Breakers

  • Utilities

    Utilities On

  • Gas

    Natural - At Street

  • Sewer

    Public Sewer

  • Water

    Public


This listing was last updated on 2023-06-05T12:03:23Z

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.