Bought with Real Broker
$340,000
$399,900
15.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Baths
5,734 SqFt
SOLD DATE : 10/29/2024
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
Garage 1 - 4 Spaces, Gravel, Paved, Off Street
Waterfront No
View Y/N No
Roof Type Shingle
Street Surface Paved
Parking Type 1 - 4 Spaces, Gravel, Paved, Off Street
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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