Unit Information
Solid owner occupied four-unit multifamily investment property in Methuen center This property offers a mix of (2) 3-bedroom townhouse style units and (2) 2-bedroom garden style units, totaling 3,797 square feet of living space on a 0.19-acre parcel. Long term tenants. Newer windows, newer water heater tanks, and newer appliances. Older kitchens and baths that could use updating, and the 4 boilers are old, but everything is functional and the tenants are happy. Additional amenities such as 8 off-street parking spaces, a handy back yard storage shed, and backyard lawn area. Located in a high-demand area, the property provides easy access to major highways (Routes 93 & 213), downtown Methuen, and is just minutes from the New Hampshire state line. Current rental rates are far below market rents, but once the building is spruced up, there is an opportunity to enhance revenue to $9,000.00/month. The price reflects the work needed.
- Additional Details
- Status: NEW
- Type: Multi-Family, 4 Family - 4 Units Up/Down
- Area: Central
- Zip Code: 01844
- Levels: 6
- Parking
- Parking: Paved Drive, Off Street, Paved
- Parking Spaces: 8
- Rooms and Dimensions
- Total Units: 4
- Total Floors: 6
- Total Rooms: 18
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$899,900
- Status: New
- Listing ID: 73420074
- Bedrooms: 10
- Full Baths: 4
- Living Area: 3,797 sqft Convert
- Lot Size: 8,355 sqft Convert
- Acres: 0.19
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |