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$4,300,000
Est. payment /mo
27 Beds
21 Baths
10,152 SqFt
UPDATED:
12/16/2024 03:59 PM
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Pending
Purchase Type For Sale
Square Footage 10,152 sqft
Price per Sqft $423
MLS Listing ID 73316838
Bedrooms 27
Full Baths 21
Year Built 2000
Annual Tax Amount $26,983
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Property Description
111 Main Street consists of two desirable, three-story buildings and contains a total of twenty-one residential units comprised of a three family property (front building) consisting of three 3-Bedroom/1 Bathroom units, and an 18-unit building (rear building) with eighteen Studio units. The well-maintained Property has received significant capital investment improvements since acquisition, including a new parking lot, renovated common areas, exterior updates (painting, siding, shutters), new mechanicals (both buildings), and renovations to most of the unit interiors. The front building is separately metered for electricity, heat and hot water, which the Tenants pay directly. The rear building is separately metered for electricity and the landlord is responsible for common area electric, heat and hot water. 111 Main Street offers the opportunity to acquire a well-maintained, fully leased, turnkey investment and is ideal for a potential buyer looking for income growth and strong returns
Location
State MA
County Essex
Zoning BC
Direction Please Use GPS
Rooms
Basement Unfinished
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
Roof Type Shingle
Total Parking Spaces 12
Garage No
Building
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
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