$900,000
$899,999
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8,276 Sqft Lot
SOLD DATE : 02/21/2020
Key Details
Sold Price $900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72568239
Sold Date 02/21/20
Year Built 1900
Annual Tax Amount $6,708
Tax Year 2018
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Final group showing Thursday 10/10 4:30pm. Highest and best Offers due by noon Friday 10/11.CALLING ALL INVESTORS LOOKING FOR LARGE INCOME! $115,500 in current annual income, with NOI around $100,000. Very attractive 11% CAP RATE and nice apartment layouts. 11 UPDATED & DE-LEADED UNITS total. The front 6 family is large and all 3 BEDROOM apartments. The 5 family consist of one 3 BEDROOM apartment on the top floor and four 2 BEDROOM apartments all side by side. Total of 29 bedrooms and 11 bathrooms. Apartments fully renovated in 2019, new baths, kitchens, engineered hardwood floor. The Apartments show well and there is high demand for these apartments. Buildings are fully rented. See attached for financials. All tenants pay their own utilities.Opportunity to raise annual rent income to 130,000. Tons of cash flow even if you have a mortgage.
Location
State MA
County Bristol
Zoning B-L
Direction Google Maps. Right behind leddy's bakery and on same block as Dunkin' Donuts near globe street
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Bought with Jessica Petronelli • WEICHERT, REALTORS® - Briarwood Real Estate
At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.
193 Green Street, Melrose, Massachusetts, 02176, United States