Unit Information
Rare opportunity to acquire a 5-unit multifamily property in a popular and accessible Danvers location! Situated on a corner lot with approximately 3,653 square feet of living area, this income-producing asset consists of a desirable mix of five 2BD/1BA and 1BD/1BA units, generating approximately $119,000 in annual gross income. The property offers desirable tenant amenities including ample off-street parking with two spaces per unit and common laundry facilities. Several units feature updated kitchens, renovated baths, refreshed flooring, and spacious layouts, while the building retains much of its original character and charm. Two units have the added benefit of private exterior entrances. Located near downtown Danvers, shopping, restaurants, parks, commuter routes, and public transportation, this is an attractive addition to any investment portfolio. Strong in-place cash flow, stable tenancy, and future upside potential make this a compelling offering.
- Additional Details
- Status: ACT
- Type: Multi-Family, Multi Family
- Zip Code: 01923
- Levels: 5
- Parking
- Garage Capacity: 10
- Parking: Paved,Off Street
- Parking Spaces: 10
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 5
- Total Rooms: 15
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$1,525,000
- Listing ID: 73543444
- Bedrooms: 7
- Full Baths: 5
- Living Area: 3,653 sqft Convert
- Lot Size: 8,058 sqft Convert
- Acres: 0.18
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |