The Deborah Lucci Team - William Raveis R.E. & Home Services

206 Salem Road, Tewksbury, MA 01876

Multi-Family

$524,900
Price
$500,000
Sale Price

4
Units
2,476
Approx. GLA
Investors take notice of this rare opportunity to purchase a clean 4-unit property in a great location. The building was renovated in 2000, including new windows, heating systems, siding, and electrical panels. The roof and hot water heaters are recent. All 4 units have hardwired smoke detectors that are monitored by a professional security company. There are three 2 bedroom units on the first floor, and a 1 bedroom unit on the second floor. Fully tenanted, the property should gross over $50k/year, with approximately $15k in expenses. Plenty of off-street parking. A great opportunity!
Highlights
Sale Price: $500,000
Settled Date: 12/29/2016 12:00:00 AM
Basement Features: Full, Bulkhead, Unfinished Basement
List Price: $524,900
Type: Multi-Family
Multi-Family Type: 4 Family
Status: Sold
Beds: 7
Baths: 4
Units: 4
Year Built: 1925
Year Round: Yes
Approx. GLA: 2,476
MLS#: 72089760
 
Interior
Basement: Yes
Electric Features: Circuit Breakers
Heating Units: 4
Heating Zones: 4
Flooring: Tile, Wall to Wall Carpet, Varies Per Unit, Laminate
Energy: Insulated Windows
Hot Water: Natural Gas, Tank
Rooms: 18
Lead Paint: Unknown
Total Floors: 2
UFFI: Unknown
Exterior
Water: No
Acres: 0.25
Lot Size: 10,677.00
Lot Description: Paved Drive, Shared Drive, Level
Foundation: Irregular
Parking Spaces: 8
Parking Features: Off-Street, Common, Paved Driveway
Road Type: Public, Paved, Publicly Maint.
Color: White
Construction: Frame, Brick
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Electric Range, for Electric Dryer, Washer Hookup
Exterior: Vinyl, Brick
Exterior Features: Porch, Patio, Gutters
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $396,100
Taxes: $6,661
Tax Year: 2016
Book/Page: 185/79
Warranty Available: No
Beach
Beach: No
Expenses
Expenses Source: Estimated, Owner Provided
Gross Income: $48,600
Gross Expenses: $6,493
Total Rent: $4,050
Net Income: $42,107
Insurance Cost: $2,890
Sewer Cost: $3,123
Misc. Cost: $480
 
Additional
Amenities: Public Transportation, Shopping, Park, Highway Access
Disclosure Declaration: No
Disclosure: 2 common parking spaces per unit. Basement access through bulkhead. Newer roof. Windows/heating systems/siding/electrical panels replaced in 2000. Hardwired smokes professionally monitored.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 0 1 1 0 No 1 $850
Unit 2 5 2 0 1 1 0 No 1 $1,200
Unit 3 4 2 0 1 1 0 1 $1,200
Unit 4 4 1 0 2 1 0 1 $800
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas, Individual  Rooms:  Living Room, Kitchen, Laundry 
Unit 2
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas, Individual  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Unit 3
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Rooms:  Living Room, Kitchen, Laundry 
Unit 4
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Refrigerator  Heating:  Electric Baseboard, Unit Control  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Map
The listing office is William Raveis R.E. & Home Services and the listing agent is Kyle Vogt. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/15/2017 10:35:00 PM.
 
The Deborah Lucci Team
The Deborah Lucci Team
William Raveis R.E. & Home Services