154 Pine St - Apartments FOR SALE


Lewiston, ME 04240
$1,250,000 USD
207-766-8370
154 Pine St, Lewiston, ME for Sale
$1,250,000 USD
Apartments - FOR SALE
1/36
null | 11.28% Cap Rate

154 Pine St
Lewiston, ME 04240


HIGHLIGHTS

  • Rare Newly renovated, Pristine & Efficient Rental Property in Downtown Lewiston, ME
  • Fully Occupied
  • Highly Favorable DR Zoning, Allowing for Promoting the Improvement of Older Residential Neighborhoods within Downtown
  • 2024 Renovations of building & Construction of 2 units.
  • 3 Story Building w/ 8 1-bedroom units, 1 -3-bedroom unit & 1 efficiency unit including a 1- ADA Compliant Unit
  • New Heating System/Cooling Systems, New Electrical, New Plumbing

OVERVIEW

Discover an exceptional investment opportunity with this completely renovated 10-unit building in the heart of Lewiston, Maine. Ideal for the discerning investor, this property offers a hassle-free, turn-key solution with modern amenities and low maintenance demands. Property includes eight one-bedroom apartments, one three-bedroom unit and one well-appointed studio apartment. Renovations include comprehensive updates from studs in to studs out and roof to basement. Please see attached addendum for the extensive list of renovations. The building was designed and built to have low maintenance and even lower expenses. Built with separate utilities, highly efficient heating and cooling heat pumps, as well as closed cell insulation on all outer walls, and Roxul insulation between every room for soundproofing. This investment property has been meticulously upgraded to ensure a superior living experience for tenants while minimizing upkeep for the owner. Each unit boasts contemporary finishes and functional layouts, making it a highly desirable residence in a thriving community.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

10

PRICE/UNIT

$125,000

CAP RATE

11.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

MFU

APN/PARCEL ID

LEWI-000195-000000-000301

ASK ABOUT THIS PROPERTY

Andrea PageKeller Williams RealtyMore Info
207-766-8370

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Andrea PageKeller Williams RealtyMore Info
207-766-8370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.