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Key Details
Sold Price $6,150,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $205
MLS Listing ID 72247360
Sold Date 10/01/18
Bedrooms 59
Full Baths 59
Annual Tax Amount $49,799
Tax Year 2016
Lot Size 1.070 Acres
Acres 1.07
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Five separate buildings surrounding a parking lot with 72 spaces. Four studios and 55 one bedroom apartments yield monthly income of over $50,000. All TAW with heat and hot water included. Family owned for fifty years, pride of ownership throughout. Extremely clean, quiet, and well maintained. In demand location with 100% occupancy. No apparent long term maintenance issues. Simple, turnkey opportunity. Below market rents, still provide a cash on cash return of over 12%. Call listing broker for income and expenses.
Location
State MA
County Middlesex
Zoning c2
Direction GPS
Exterior
Total Parking Spaces 72
Garage No
Building
Story 3
Foundation Concrete Perimeter, Granite
Sewer Public Sewer
Water Public
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Bought with Raymond R. Clements • Investment Property Advisors