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157-159 Swan St, Methuen, MA
SOLD 11/20/2424Price Reduced $105,000
0
$950,000
*Sale Price
Total Beds: 10 Total Baths: 4
Total Units: 4 SQFT: 5446
LOT size: 0.75 Acres
157-159 Swan St
Methuen, MA 01844
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This Property is No Longer Available

Property Description

Amazing multi-family opportunity! Great location, updated units, great cashflow potential. Some current rents are below market. Large and level lot - there may be potential to build, Buyer and Buyer's Agent to perform any and all due diligence with City, Seller had preliminary discussions. Solar is owned, additional information to be provided by Seller. Set up showing or attend an Open House. Private showings require proof of funds or preapproval. One unit available to show, other units will be shown with accepted offer. Please do not disturb tenants. All information provided by Seller, Buyer and Buyer Agent to perform all due diligence.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 5
  • Total Bedrooms: 10
  • Total Full Baths: 4
  • Total Fireplaces: 1
  • Amenities: Highway Access, Laundromat, Medical Facility, Shopping, T-Station
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric Baseboard, Oil, Radiant

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 110400
  • Gross Expenses: 26133
  • Electric Expenses: 10482
  • INSC: 3649
  • Repairs & Maintenance: 6000
  • Net Operating Income: 84267

Utilities

  • Heat Zones: 4
  • Electric Info: 200 Amps
  • Utility Connections: for Electric Dryer, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Levels: 1

Construction

  • Year Built: 1952
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73286895
  • Last Updated: 11/20/24

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Map

Seller's Representative: The Schlesman Realty Group, ERA Key Realty Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-11-20 14:16:00

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