Overview Property Details Payment Calculator Walkability

Closed

328-330 Merrimack St, Methuen MA 01844

$739,000

Estimated $1,624.78/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $246,333.33

Total Rent: 0/year

Estimated CAP Rate: -1.15%

6 Bedrooms

3 Full Baths

3,160 SqFt

Total Parking: 10

7,022 SqFt

Attention Investors! Rare value-add three-family on Route 110 in Methuen. Short distance from I-495, downtown, and area amenities. All tenants TAW. Zoned Neighborhood Business. Ground floor unit potentially could be converted to commercial.

This home has been viewed 21 times

Last Checked: May 7th, 2024 at 1:21am (Source: MLS PIN #73057254)

Gross Income: $0

Gross Expenses: $8,512

Net Income Calc: $8,512

CAP Rate: -1.15%

Annual Expenses for 328-330 Merrimack St, Methuen MA 01844

Total Gross Expenses (Calculated)$8,512/year

APOD AvailableYes

Heating

Electricity

Water$1,255

Gas$1,255

Insurance$2,139

Sewer$1,255

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,118

Annual Income & Unit Breakdown for 328-330 Merrimack St, Methuen MA 01844

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 328-330 Merrimack St, Methuen MA 01844

Listing ID73057254

Property TypeMulti Family / 3 Family

Price$739,000 ($233.86/SqFt)

Style3 Family

CityMethuen

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,160 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking10

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningBN

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 328-330 Merrimack St, Methuen MA 01844

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$8,570

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 328-330 Merrimack St, Methuen MA 01844

Real Estate Taxes$5,118

Tax Year2022

Assessed Value$392,200

Financial Data SourceEstimated

Total Gross Expenses By Broker$8,570

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.15%

Location Information for 328-330 Merrimack St, Methuen MA 01844

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Medical Facility, Laundromat, Public Transportation

Contact Information for 328-330 Merrimack St, Methuen MA 01844

Agent

Name: Land and Sea Real Estate

MLS ID: TM317610

Office ID: AN4947

Office

Name: Land and Sea Real Estate, Inc.

MLS Office ID: AN4947

Phone: 978-475-0000

Team Members

Name: Demetrius Spaneas

MLS ID: CN211913

Office ID: AN4947

National Association ID: 456014456

Phone: 617-999-6269

City: Andover

State: MA

Payment Calculator

$4,979.98 per month

30 Years Fixed, 6.75% Interest

Property Taxes $426.50

Principal & Interest $4,553.48

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Land and Sea Real Estate, Inc.

Land and Sea Real Estate

Agent Phone

Office Phone

(978) 475-0000

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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[water] => Array
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)

EXIT

Closed

328-330 Merrimack St, Methuen MA 01844

$739,000

Annual Expenses for 328-330 Merrimack St, Methuen MA 01844

Annual Income & Unit Breakdown for 328-330 Merrimack St, Methuen MA 01844

General Information for 328-330 Merrimack St, Methuen MA 01844

Disclosures for 328-330 Merrimack St, Methuen MA 01844

Financial Information for 328-330 Merrimack St, Methuen MA 01844

Location Information for 328-330 Merrimack St, Methuen MA 01844

Contact Information for 328-330 Merrimack St, Methuen MA 01844

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Land and Sea Real Estate, Inc.

Land and Sea Real Estate