$1,735,000
$1,799,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
17 Beds
8 Baths
7,038 SqFt
SOLD DATE : 01/24/2025
Key Details
Sold Price $1,735,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,038 sqft
Price per Sqft $246
MLS Listing ID 73304464
Sold Date 01/24/25
Bedrooms 17
Full Baths 8
Year Built 1900
Annual Tax Amount $10,041
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 5-9 Family
Property Description
Here's an incredible opportunity to purchase a well-maintained 8-unit building located near UML's East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.
Location
State MA
County Middlesex
Zoning UMF
Direction Route 113 to University Ave to Salem Street
Interior
Interior Features Ceiling Fan(s), Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub, Kitchen, Living RM/Dining RM Combo
Heating Electric, Unit Control
Flooring Vinyl, Carpet, Stone/Ceramic Tile
Appliance Range, Microwave, Refrigerator, Freezer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Fence Fenced/Enclosed
Community Features Public Transportation, Shopping, Highway Access, Public School, University, Sidewalks
Utilities Available for Electric Dryer, Washer Hookup
Roof Type Rubber
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story 10
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Jack Mantville • J. Borstell Real Estate, Inc.