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Key Details
Sold Price $577,500
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $114
MLS Listing ID 72719246
Sold Date 01/22/21
Bedrooms 6
Full Baths 2
Half Baths 2
Year Built 1925
Annual Tax Amount $8,100
Tax Year 2020
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 3 Family
Property Description
Location, Location and Location! This is an $66,000 opportunity -- one of the best combination location: one-stone away from major highway #93/#495, neighbor with TD Bank, brand new Cumberland/Gas station right across street. This three units property consists of two over-size three-bedroom apartments on the 2nd and 3rd floor, a more than 2000 sqft restaurant on the first floor. All utilities are separated, each tenants pay their own. Currently each rental apartment pays $1,500 monthly and tenant-at-will. The first floor restaurant pays $2,500 monthly plus its utilities. At the back of building, there is 4~5 parking space. For this location and size apts,, it is easy to rent . It will be great with for owner-use restaurant while collecting $3,000 monthly rents, or living in one apartment collecting $4,000 monthly rents. Per city land use planner, this property is in the B2 zone, it can be used for many commercial use like liquor store or simply convert to 3-family with variance.
Location
State MA
County Essex
Zoning NAA
Direction Exit 41B off Route 93
Rooms
Basement Full, Partially Finished, Interior Entry
Interior
Interior Features Unit 1(Bathroom With Tub), Unit 2(Bathroom With Tub), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Heating Unit 1(Hot Water Radiators, Gas, Individual, Unit Control), Unit 2(Hot Water Baseboard, Gas), Unit 3(Central Heat)
Cooling Unit 3(Central Air)
Flooring Wood, Tile, Varies Per Unit, Unit 1(undefined), Unit 2(Hardwood Floors)
Appliance Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Gas Water Heater, Tank Water Heater
Exterior
Fence Fenced/Enclosed
Roof Type Shingle, Rubber
Total Parking Spaces 5
Garage No
Building
Lot Description Level
Story 6
Foundation Stone
Sewer Public Sewer
Water Public
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Bought with Pedro Calcano • William Raveis R.E. & Home Services
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205