Paul Annaloro

Paul Annaloro, REALTOR®

Licensed in MA & NH

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Prepared for : Jul-29-2021 02:05:16 am
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Methuen, MA. 01844-1709
(map)
Essex County
Directions: Howe Street To Hampstead Street

MLS # 72742756 - Sold
Multi-Family 5-9 Family   Yellow

List Price $1,299,000 Days on Market  
List Date   # Units 8
Sale Price $1,330,000 # Floors  
Sold Date 1/6/21 Rooms 23
Assessed Value $1,284,700 Bedrooms 18
Gross Living Area 9,308SF Full Baths 8
Lot Size 2.09A Half Baths 2
Taxes $17,266.37 Fireplaces  
Tax Year 2020 Basement Yes
Zoning MB Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1914 Parking Spaces 25
    Garage Spaces 0

Remarks:

Investment Opportunity only comes once! Well Maintained, fully occupied, Solid 8 unit Brick building. Features include 10 ft ceilings, Gleaming Hardwood floors, Granite counter tops, stainless steal appliances. Each unit unique in its own way, there are 2 units that are 5 room, 3 bedroom, 1 full bath and 4 units that are 4 rooms, 2 bedrooms, and 1 full bath. All units have there own washer/dryer hookups. Plenty of off street parking! Building freshly painted. All units have Central air. All heating systems and electric are individual. Potential $140,000 rental income.

Features
Amenities   Shopping,
   Golf Course
Basement   Full
Construction   Brick
Cooling Zones   8
Electricity   Individually
   Metered
Energy   Insulated Windows
Exterior   Brick
Flooring   Wood, Wall to
   Wall Carpet
Foundation   Brick
Heating Zones   1
Hot Water   Tankless
Lead Paint   Unknown
Lot   Paved Drive
Parking   Off-Street
Road   Public
Roof   Rubber
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range
Warranty   No
Units
Unit 1 Appliances: Range, Dishwasher, Disposal, Refrigerator; Bedrooms: 3; Floor: 1; Full Baths: 3; Half
     Baths: 1; Interior: Ceiling Fans, Cable TV Available, Hardwood Floors; Lease: No; Levels: 1; Rent:
     1400; Rooms: 5; Rooms Desc.: Living Room, Kitchen
Unit 2 Appliances: Range, Dishwasher, Disposal, Refrigerator; Bedrooms: 3; Cooling: Central Air; Floor:
     2; Full Baths: 3; Half Baths: 1; Heating: Gas; Interior: Ceiling Fans, Cable TV Available,
     Hardwood Floors; Lease: No; Levels: 1; Rent: 1450; Rooms: 5; Rooms Desc.: Living Room, Kitchen
Unit 3 Appliances: Range, Dishwasher, Disposal, Refrigerator; Bedrooms: 2; Cooling: Central Air; Floor:
     2; Full Baths: 2; Heating: Gas; Interior: Ceiling Fans, Cable TV Available, Hardwood Floors;
     Lease: No; Levels: 1; Rent: 1350; Rooms: 5; Rooms Desc.: Living Room, Kitchen
Unit 4 Appliances: Range, Disposal, Refrigerator; Bedrooms: 2; Cooling: Central Air; Floor: 1; Full
     Baths: 2; Heating: Gas; Interior: Ceiling Fans, Cable TV Available, Hardwood Floors; Levels: 1;
     Rent: 1300; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Financial Info
Electricity   $1,050
Gas   $1,116
Gross Expenses   $26,482
Gross Oper. Income  
   $127,200
Insurance   $5,745
Net Oper. Income  
   $100,718
Refuse Removal   $12,936
Water   $5,635
Additional Information
APOD Available?   No
Adult Community   No
Anticipated Sale Date  
   01/05/2021
Deed   Book: 14174, Page:
   106, Cert. #: 0000000067
Foreclosure   No
GLA Source   Public Record
Off Market Date   10/15/20
Parcel #   M:00808 B:00075
    L:00006
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

Property Last Updated by Listing Office: 1/7/21 2:38pm

Courtesy: MLSPIN

Listing Office: RE/MAX Partners Listing Agent: Paul Annaloro


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The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.