154 Pine St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
154 Pine St
10 Unit Apartment Building $1,771,837 CAD ($177,184 CAD/Unit) 11.28% Cap Rate Lewiston, ME 04240
Investment Highlights
- Rare Newly renovated, Pristine & Efficient Rental Property in Downtown Lewiston, ME
- Highly Favorable DR Zoning, Allowing for Promoting the Improvement of Older Residential Neighborhoods within Downtown
- 3 Story Building w/ 8 1-bedroom units, 1 -3-bedroom unit & 1 efficiency unit including a 1- ADA Compliant Unit
- Fully Occupied
- 2024 Renovations of building & Construction of 2 units.
- New Heating System/Cooling Systems, New Electrical, New Plumbing
Executive Summary
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.
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$221,976
|
$48.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$221,976
|
$48.47
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,141
|
$4.83
|
| Net Operating Income |
$199,835
|
$43.63
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $221,976 |
| Annual Per SF | $48.47 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $221,976 |
| Annual Per SF | $48.47 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,141 |
| Annual Per SF | $4.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $199,835 |
| Annual Per SF | $43.63 |
Property Facts
Unit Amenities
- Air Conditioning
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Deck
- Porch
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,630 CAD | - |
| 1+1 | 8 | $1,772 CAD | - |
| 3+1 | 1 | $2,693 CAD | - |
1 of 1
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | LEWI-000195-000000-000301 | Improvements Assessment | $100,407 CAD (2023) |
| Land Assessment | $23,493 CAD (2023) | Total Assessment | $123,900 CAD (2023) |
PROPERTY TAXES
Parcel Number
LEWI-000195-000000-000301
Land Assessment
$23,493 CAD (2023)
Improvements Assessment
$100,407 CAD (2023)
Total Assessment
$123,900 CAD (2023)
zoning
| Zoning Code | MFU (Highly Favorable DR Zoning, Allowing for Promoting the Improvement of Older Residential Neighborhoods within Downtown) |
| MFU (Highly Favorable DR Zoning, Allowing for Promoting the Improvement of Older Residential Neighborhoods within Downtown) |
1 of 37
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
154 Pine St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.