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1,3,5 Church St, Merrimac MA 01860

$485,000

Estimated $1,133.26/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $161,666.67

Total Rent: 50664/year

Estimated CAP Rate: 9.59%

4 Bedrooms

2 Full, 1 Half Baths

2,930 SqFt

Total Parking: 0

1,800 SqFt

Downtown Merrimac commercial mixed-use property. First floor is a restaurant with a commercial kitchen and two dining areas currently leased by a catering business. The second floor has two two-bedroom units with separate entries. All three units are under lease. Two parking spaces for residential units are rented from neighboring property to provide off-street parking. Recent vinyl siding and new stairs to second floor entrance.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 2:36am (Source: MLS PIN #73070943)

Gross Income: $50,664

Gross Expenses: $4,162

Net Income Calc: $46,502

CAP Rate: 9.59%

Annual Expenses for 1,3,5 Church St, Merrimac MA 01860

Total Gross Expenses (Calculated)$4,162/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,162

Annual Income & Unit Breakdown for 1,3,5 Church St, Merrimac MA 01860

Total Gross Income (Calculated)$50,664

Unit 1

Rental Income$1,622

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,300

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,300

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 1,3,5 Church St, Merrimac MA 01860

Listing ID73070943

Property TypeMulti Family / 3 Family

Price$485,000 ($165.53/SqFt)

Style3 Family

CityMerrimac

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,930 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningCOM/RES

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1,3,5 Church St, Merrimac MA 01860

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$50,668

Total Net Income By Broker$35,784

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 1,3,5 Church St, Merrimac MA 01860

Real Estate Taxes$4,162

Tax Year2023

Assessed Value$281,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$50,668

BostonRealEstate.com Gross Income

Total Net Income By Broker$35,784

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.59%

Location Information for 1,3,5 Church St, Merrimac MA 01860

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Laundromat, Public Transportation

Contact Information for 1,3,5 Church St, Merrimac MA 01860

Agent

Name: Art O'Dea

Office

Name: William Raveis Real Estate

Phone: 978-462-0500

Payment Calculator

, Interest

Property Taxes 346.83

Principal & Interest 2988.42

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis Real Estate

Art O'Dea

Agent Phone

Office Phone

(978) 462-0500

Text Agent Call Agent Call Office

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[id] => 332907
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[last_month_required] => Array
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    [laundry_features] => Array
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[lead_paint] => Array
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            [name] => William Raveis Real Estate
            [phone] => 978-462-0500
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[optional_fee_includes] => Array
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[optional_price] => 0
    [outdoor_space_available] => Array
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[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
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[phone] => 508-241-5744
    [pool_features] => Array
        (
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    [price_per_sqft] => 165.53
    [price_per_unit] => 161666.66666667
    [private_pool] => No
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[real_estate_tax] => $4,162
    [references_required] => Array
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[rent_includes] => Array
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
        (
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[roof_material] => Array
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[rooms] => 9
    [senior_community] => No
    [sewer] => Array
        (
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[sewer_expense] => Array
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[short_sale] => 
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        (
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[state] => Massachusetts
    [state_code] => MA
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[street_number] => 1,3,5
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[style] => Array
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[subagent_compensation] => 
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    [tag_air_conditioning] => 
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    [tag_waterview] => 
    [tax_year] => 2023
    [team] => Array
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[terms] => Array
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[timber_acres] => None
    [title_5] => 
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    [trash_expense] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Half
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[unit_2_bathrooms] => 1 Full
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[unit_3_bathrooms] => 1 Full
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[unit_4_bathrooms] => 
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    [unit_4_lease] => Array
        (
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[unit_4_levels] => 
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[unit_level] => 
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        )

[utilities] => Array
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[water] => Array
        (
        )

[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
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    [waterfront_features] => Array
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    [year_built_details] => Approximate
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    [zoning] => COM/RES
    [zoning_details] => 
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EXIT

Closed

1,3,5 Church St, Merrimac MA 01860

$485,000

Annual Expenses for 1,3,5 Church St, Merrimac MA 01860

Annual Income & Unit Breakdown for 1,3,5 Church St, Merrimac MA 01860

General Information for 1,3,5 Church St, Merrimac MA 01860

Disclosures for 1,3,5 Church St, Merrimac MA 01860

Financial Information for 1,3,5 Church St, Merrimac MA 01860

Location Information for 1,3,5 Church St, Merrimac MA 01860

Contact Information for 1,3,5 Church St, Merrimac MA 01860

Agent

Office

Payment Calculator

Exclusive Listing Agent

William Raveis Real Estate

Art O'Dea