$780,000
$725,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
6 Baths
6,384 SqFt
SOLD DATE : 05/16/2025
Key Details
Sold Price $780,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,384 sqft
Price per Sqft $122
MLS Listing ID 73346714
Sold Date 05/16/25
Bedrooms 15
Full Baths 6
Year Built 1906
Annual Tax Amount $8,049
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 5-9 Family
Property Description
Turn-key 6-family investment opportunity with three 3-bedroom and three 2-bedroom units, generating over $102K in annual gross rental income. All units have had recent updates, including vinyl plank flooring, updated bathrooms, fresh paint, and window replacements. Additional recent improvements include a rebuilt exterior porch, new siding, a new fire alarm panel, and an intercom system. One unit was just renovated and is currently vacant, ready for a new market-rate tenant or owner-occupancy. Lead certificates are available for four units. Tenants pay all utilities except water, with each unit having separate electric and gas meters. The property has been professionally managed, and all tenants are in good standing. It also features a paved driveway for two cars and a fenced-in backyard. Strong cash flow with long-term investment potential.
Location
State MA
County Hampden
Zoning I2
Direction Use GPS. Allen Street to Randall Place.
Rooms
Basement Full, Interior Entry, Concrete
Interior
Interior Features Pantry, Bathroom With Tub, Remodeled, Lead Certification Available, Living Room, Kitchen
Heating Electric
Flooring Tile, Vinyl, Varies, Hardwood
Exterior
Fence Fenced/Enclosed, Fenced
Roof Type Shingle
Total Parking Spaces 2
Garage No
Building
Story 11
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Eugene Diaz • Coldwell Banker Realty - Lynnfield
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "