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Key Details
Sold Price $1,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 72715248
Sold Date 11/16/20
Year Built 1987
Annual Tax Amount $35,391
Tax Year 2020
Lot Size 2.370 Acres
Acres 2.37
Property Description
Amazing investment opportunity in Methuen with an outstanding 7.4% cap rate! Great location with easy access to major highways (Rt 213 Connector, Rt 93, Rt 495) and only 1.25 from The Loop, this property is located in a high traffic area and is currently 88% occupied. There are 17 units, many of which are long term tenants. Recent upgrades include 40% of roof replaced, 4 new HVAC units, and elevator. Dry sprinkler system has been regularly maintained and inspected. Income/expense figures, as well as rent roll, will be provided to serious buyers only upon signed NDA. Please call team member below for additional info and showings. Easy to show!
Location
State MA
County Essex
Zoning IL
Direction GPS
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
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Bought with Brian Flynn Team • Keller Williams Realty