102-108 105 Pierce Street, Lewiston, ME 04240

$2,150,000
Property Type: Multi-Family Baths: 20 Square Footage: 40,330 Lot Size (sq. ft.): 19,602 Status: Closed
Current Price: $2,150,000 List Date: 1/16/2023 Last Modified: 1/14/2025

Description

28 unit, 3 building apartment portfolio now available for sale as a package. The offering comes with 3 separate apartment buildings and 1 parking lot. Unit mix includes 4-4 bedroom units, 13-3 bedroom units, 7-2 bedroom units and 4-1 bedroom units. All buildings have much in capital improvements and mechanical system upgrades and overall good quality finishes. Overall condition is above average with lead remediation completed. This should be a must see for any investor looking to add to their portfolio.

Supplements: ********

More Information MLS# 1551006

Location Information

Book: 7983 Leased Land: No Page: 42 Map: 196 Lot: 107 Zoning Overlay: Yes Association: No Street #: 102-108 Street Name: 105 Pierce Street Type: Street County: Androscoggin Town: Lewiston State/Province: ME Zip Code: 04240 Zoning: DR Full Tax Amount $: 24601 Tax Year: 22 Geo Lat: 44.095188 Geo Lon: -70.210844

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 28 Lot Size Acres +/-: 0.45 Total Baths: 20 Total Half Baths: 0 SqFt Finished Above Grade: 40330 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 20 Year Built: 1908 SqFt Finished Total: 40330 Source of Acreage: Public Records

Site

Level: 1

Location

Intown: 1

Roads

Paved: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Wood Frame: 1

Basement

Full: 1 Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Asbestos: 1

Roof

Flat: 1

Heat System

Baseboard: 1

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 413700 Operating Expenses: 198607

Cooling

None: 1

Floors

Laminate: 1 Wood: 1

Units

# of 1 BD Units: 4 # of 2 BD Units: 7 # of 3 BD Units: 13 # of 4+ BD Units: 4

Parking

Off Site: 1 On Site: 1

Unit 1

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1260 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1556 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1080 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - On Site: 1

Unit 4

Lease: Yes Level: Four + Security Deposit: No Monthly Rent: 980 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1556 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1556 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: Four + Security Deposit: No Monthly Rent: 1556 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1002 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1836 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1836 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 13

Lease: Yes Level: Upper Security Deposit: No Monthly Rent: 1836 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 14

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1556 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 15

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 16

Lease: Yes Level: Third Security Deposit: No Monthly Rent: 1260 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 17

Lease: Yes Level: Four + Security Deposit: No Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 18

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1100 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Paved: 1

Unit 19

Lease: Yes Level: First Security Deposit: No Monthly Rent: 1836 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 20

Lease: Yes Level: Second Security Deposit: No Monthly Rent: 850 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Basement Entry

Interior: 1

Water Heater

Gas: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Closed Original List Price: 2150000 Sold Price: $2,150,000 Current Price: $2,150,000

Status Change Info

Pending Date: 2023-01-21 Closed Date: 2023-04-07 Closed Price: 2150000

Property Features

Site: Level Location: Intown Roads: Paved Style: Other Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Asbestos Roof: Flat Heat System: Baseboard Heat Fuel: Gas Natural Water Heater: Gas Cooling: None Floors: Laminate; Wood Driveway: Paved Parking: Off Site; On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Listing Office: Keller Williams Realty
IDX
Last Updated: January - 14 - 2025
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