Pay attention. Mixed-use property consisting of four buildings containing four commercial units and eleven one bedroom units. Parking on site for 50 cars. Potential redevelopment site. All units include heat and hot water. Details made available upon request. ...
This home has been viewed 30 times
Last Checked: May 6th, 2024 at 11:40pm (Source: MLS PIN #73061291)
Gross Income: $67,740
Gross Expenses: $29,000
Net Income Calc: $38,740
CAP Rate: 1.61%
Annual Expenses for 262-266 Broadway, Methuen MA 01844
Total Gross Expenses (Calculated)$29,000/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$29,000
Annual Income & Unit Breakdown for 262-266 Broadway, Methuen MA 01844
Total Gross Income (Calculated)$67,740
Unit 1
Rental Income$1,190
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat
Unit 2
Rental Income$1,100
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat
Unit 3
Rental Income$1,080
Lease
Bedrooms1
Bathrooms1 Full
Floor
Levels in Unit
HeatingNo
Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat
Unit 4
Rental Income$2,275
Lease
Bedrooms0
Bathrooms1 Full, 1 Half
Floor2
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat
General Information for 262-266 Broadway, Methuen MA 01844
Listing ID73061291
Property TypeMulti Family / 5+ Family
Price$2,399,000 ($174.19/SqFt)
Style5-9 Family
CityMethuen
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total13,772 SqFt
Approximate Lot Size (Acres)0.79 acres
Total Parking50
Garage Parking
Year Built1909
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Area4567
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningCBD
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 262-266 Broadway, Methuen MA 01844
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosureadditional finished space on lower level not inclu
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated
Total Gross Expenses By Broker$56,000
Total Gross Income By Broker$228,000
Total Net Income By Broker$172,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Financial Information for 262-266 Broadway, Methuen MA 01844
Real Estate Taxes$29,000
Tax Year2022
Assessed Value$1,575,600
Financial Data SourceEstimated
Total Gross Expenses By Broker$56,000
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$228,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$172,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)1.61%
Location Information for 262-266 Broadway, Methuen MA 01844
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 262-266 Broadway, Methuen MA 01844