$1,100,000
$995,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
5 Baths
5,710 SqFt
SOLD DATE : 05/17/2023
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,710 sqft
Price per Sqft $192
MLS Listing ID 73089788
Sold Date 05/17/23
Bedrooms 15
Full Baths 5
Year Built 1900
Annual Tax Amount $8,565
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type 5-9 Family
Property Description
Excellent investment opportunity! Turn key building with tenants in place and stabilized rents. Newer heating systems (three out of five have been replaced within the past two years), new side decks, new fence in the backyard, improved front deck, newer siding (2017), upgraded bathrooms, vinyl windows, rubber roof in great shape. Building currently yields a very hard-to-find 8.25% cap rate. Tenants pay their own electric and gas. Showings to be held by appointment only at group showing times on Saturday, 3/25 and Sunday, 3/26 starting at 11:00 AM. Building is fully rented and can not be delivered vacant. Don't miss out on the chance to add this low maintenance five unit building to your rental portfolio!
Location
State MA
County Essex
Zoning 111
Direction Use GPS
Rooms
Basement Interior Entry
Interior
Interior Features Other (See Remarks)
Appliance Gas Water Heater
Exterior
Roof Type Rubber
Garage No
Building
Lot Description Sloped
Story 6
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Zahidul Islam • Cameron Prestige, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "