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$3,900,000
Est. payment /mo
15 Beds
10 Baths
12,500 SqFt
UPDATED:
01/19/2025 08:05 AM
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,500 sqft
Price per Sqft $312
MLS Listing ID 73326316
Bedrooms 15
Full Baths 10
Year Built 2010
Annual Tax Amount $17,946
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5-9 Family
Property Description
~~~~~7% Return Ratio ~~~ 10 unit mixed use brick building built from ground up in 2010. Newer roof, newer plumbing, newer electrical, central AC all commercial grade. Hard wired smoke and sprinkler system as well. Property consists of (5) commercial retail units on first level. (Five) 3 bed 1 bath apartments on 2nd and 3rd floors in excellent condition. Washer and dryer hookups in all apartments. Tenants pay all utilities. All tenants have leases. Commercial tenants have rate increases built in yearly. Absolutely no deferred maintenance, nothing to do but collect your rents and watch as they increase. Laundry mat's business asset comes with the sale for free.
Location
State MA
County Essex
Zoning BD
Direction Corner of Lewis and Chestnut
Exterior
Community Features Shopping
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot
Story 10
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by East West Real Estate, LLC
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