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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,656 sqft
Price per Sqft $262
MLS Listing ID 73228864
Sold Date 08/16/24
Bedrooms 16
Full Baths 8
Year Built 1960
Annual Tax Amount $12,804
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Investor's dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don't miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!
Location
State MA
County Essex
Zoning R3
Direction Located at the corner of Harbor St and Prince St
Rooms
Basement Full, Interior Entry, Concrete
Interior
Interior Features Living Room, Kitchen
Heating Baseboard, Oil
Flooring Wood, Vinyl
Appliance Range, Refrigerator
Exterior
Community Features Public Transportation, Shopping, Park
Waterfront false
Waterfront Description Beach Front,1/2 to 1 Mile To Beach
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Lot Description Corner Lot
Story 7
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Francesca Little • Little & Co., REALTORS®
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205