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Key Details
Sold Price $540,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,996 sqft
Price per Sqft $270
MLS Listing ID 72473955
Sold Date 07/01/19
Bedrooms 6
Full Baths 3
Year Built 1900
Annual Tax Amount $4,151
Tax Year 2019
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 3 Family
Property Description
Here is your opportunity to own a rare Three Family in Chelmsford in exceptional condition! First time buyers can live in the first floor and enjoy rental income of $2,100 per month to pay the majority of their mortgage. This property has been carefully maintained with many recent updates (see details attached). Great opportunity for an investor seeking a low maintenance property with excellent cash flow. Gross annual income of $39,600. All three units have all separate utilities. Excellent tenants: two paying $1200 per mo, 3rd floor $900 per mo, all as tenants at will. First floor will be available July 1. Three letters of Full De-leading Compliance in hand. See the following documents attached: Summary of updates & improvements, Seller's Statement of Condition, Investor cash flow summary, Occupied Owner cash flow summary, de-leading compliance certs. Release from prior contract pending.
Location
State MA
County Middlesex
Zoning Res
Direction Princeton St. (Rte 3A) to Highland Ave.
Rooms
Basement Full, Unfinished
Interior
Interior Features Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Heating Unit 1(Hot Water Baseboard, Gas), Unit 2(Electric), Unit 3(Gas)
Flooring Wood
Appliance Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Gas Water Heater, Tank Water Heater, Utility Connections Varies per Unit
Laundry Laundry Room
Exterior
Garage Spaces 1.0
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Stable(s), Golf, Bike Path, Conservation Area, Highway Access
Utilities Available Varies per Unit
Waterfront Description Beach Front, Lake/Pond, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 7
Garage Yes
Building
Lot Description Corner Lot
Story 6
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Andrew Wilson • ERA Key Realty Services
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