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$ 1,650,000
Est. payment | /mo
4,356 Sqft Lot
$ 1,650,000
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73538789
HOA Y/N false
Year Built 1900
Annual Tax Amount $15,914
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Attention investors! Don't miss this exceptional opportunity to acquire a well-maintained six-unit apartment building featuring spacious three-bedroom units throughout, a strong established rent roll, and an attractive 7.1% cap rate. Three of the units have recently undergone extensive renovations, including brand-new bathrooms, refinished hardwood floors, fresh paint, and numerous additional updates, providing immediate value and future rental growth potential. All units have Letters of Deleading Compliance, offering added value and peace of mind. The property has been professionally maintained and features a heating system that is only 3 years old. This turnkey investment offers a desirable unit mix that continues to attract strong tenant demand and is an excellent opportunity for investors seeking a stable, income-producing asset with significant recent capital improvements and long-term upside potential.
Location
State MA
County Essex
Zoning R2
Direction Essex Street to Rockaway Street to Highrock Street
Exterior
Utilities Available Public Water, Natural Gas Available
Roof Type Rubber
Others
Senior Community false
Listed by Clements Realty Group
Nearby Locations
The buying and selling process is all about YOU. Whether you're a first time home buyer or a seasoned investor, I custom tailor my approach to suit YOUR needs.
Don't hesitate to reach out even for the most basic questions. I'm happy to help no matter where you are in the process.