CENTURY 21 NS Group

55-59 Broadway, Methuen, MA 01844

Multi-Family

$970,000
Price

10
Units
10,524
Approx. GLA
$$$ Attention Investors............10 Unit Mixed Use Building consisting of 8 - spacious 625 sq ft (1) bedroom apartments & 2 ground level retail spaces - currently a retail space and barber shoppe. All 8 apartments include separate utilities & an off-street assigned parking space. Building is owner operated and has been well cared for with many recent improvements. High visibility location near Methuen Square across from Malden Mills, new strip mall and Dunkin Donuts. Monthly Income = $8,525.00 Gross Income = $108,000.00.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Full, Interior Access, Concrete Floor
List Price: $970,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 8
Baths: 8
Half Baths: 2
Units: 10
Year Built: 1900
Approx. GLA: 10,524
MLS#: 72084974
 
 
Interior
Basement: Yes
Electricity Cost: $1,121
Electric Features: Circuit Breakers
Heating Zones: 10
Flooring: Vinyl, Wall to Wall Carpet
Energy: Insulated Windows
Hot Water: Natural Gas, Tank
Rooms: 26
Lead Paint: Unknown
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.16
Lot Size: 6,948.00
Lot Description: Paved Drive
Foundation: Fieldstone
Foundation Size: TBD
Parking Spaces: 8
Parking Features: Off-Street, Assigned, Paved Driveway
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: Tan
Construction: Frame
Roof Material: Rubber
Utility: for Electric Oven
Exterior: Wood, Aluminum
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $590,000
Taxes: $10,606
Tax Year: 2017
Book/Page: 10905/58
Warranty Available: No
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $108,000
Gross Expenses: $18,553
Total Rent: $8,525
Net Income: $83,747
Gas Cost: $1,225
Insurance Cost: $4,765
Refuse Cost: $821
R&M Cost: $3,182
Water Cost: $3,792
 
 
Additional
Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Disclosure Declaration: No
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 2 1 0 Yes 1 $775
Unit 2 3 1 0 2 1 0 Yes 1 $725
Unit 3 3 1 0 2 1 0 Yes 1 $725
Unit 4 3 1 0 2 1 0 Yes 1 $775
Units Extras
Unit 1
Rooms:  Living Room, Kitchen 
Unit 2
Rooms:  Living Room, Kitchen 
Unit 3
Rooms:  Living Room, Kitchen 
Unit 4
Rooms:  Living Room, Kitchen 
Map
The listing office is Century 21 North Shore and the listing agent is Shannon - Comeau Team. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 8/23/2017 6:35:00 PM.
 
Office - Danvers
Office - Danvers
CENTURY 21 NS Group