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Expired

262-266 Broadway, Methuen MA 01844

$2,399,000

Estimated $6,307/month Calculator

Multi Family

Total Units: 15

Price Per Unit: $159,933.33

Total Rent: 67740/year

Estimated CAP Rate:

11 Bedrooms

Baths

13772

Total Parking: 50

34,325 (0.79)

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 55 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

Water Views

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 Tax29000

Annual Income & Unit Breakdown for 262-266 Broadway, Methuen MA 01844

Total Gross Income (Calculated)$67,740

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bedrooms0

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 262-266 Broadway, Methuen MA 01844

Listing ID73061291

Property TypeMulti Family / 5+ Family

Price2399000 ($174.19/SqFt)

Style5-9 Family

CityMethuen

CountyEssex

Neighborhood(s)

Approximate Living Area Total13772

Approximate Lot Size (Acres)0.79

Total Parking50

Garage Parking0

Year Built1909

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Area4567

Foundation Description

Accessible Features

Outdoor Space

ZoningCBD

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 262-266 Broadway, Methuen MA 01844

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Compensation Based OnGross/full Sale Price

Financial Information for 262-266 Broadway, Methuen MA 01844

Real Estate Taxes29000

Tax Year2022

Assessed Value$1,575,600

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 262-266 Broadway, Methuen MA 01844

Neighborhood(s)

Area Amenities

Contact Information for 262-266 Broadway, Methuen MA 01844

Agent

Name: Laurence Marocco

Office

Name: Minco Commercial

Phone: 978-687-6200

Payment Calculator

, Interest

Property Taxes 2416.67

Principal & Interest 14781.87

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Minco Commercial

Laurence Marocco

Agent Phone

Office Phone

(978) 687-6200

Text Agent Call Agent Call Office

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EXIT

14 More Photos

Expired

262-266 Broadway, Methuen MA 01844

$2,399,000

Annual Expenses for 262-266 Broadway, Methuen MA 01844

Annual Income & Unit Breakdown for 262-266 Broadway, Methuen MA 01844

General Information for 262-266 Broadway, Methuen MA 01844

Disclosures for 262-266 Broadway, Methuen MA 01844

Financial Information for 262-266 Broadway, Methuen MA 01844

Location Information for 262-266 Broadway, Methuen MA 01844

Contact Information for 262-266 Broadway, Methuen MA 01844

Agent

Office

Payment Calculator

Exclusive Listing Agent

Minco Commercial

Laurence Marocco