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1,3,5 Church St, Merrimac MA 01860

$485,000

Estimated $1,133/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $161,666.67

Total Rent: 50664/year

Estimated CAP Rate:

4 Bedrooms

Baths

2930

Total Parking: 0

1,800 (0.04)

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 38 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

Water Views

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 Tax4162

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

Total Gross Income (Calculated)$50,664

Unit 1

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

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

Listing ID73070943

Property TypeMulti Family / 3 Family

Price485000 ($165.53/SqFt)

Style3 Family

CityMerrimac

CountyEssex

Neighborhood(s)

Approximate Living Area Total2930

Approximate Lot Size (Acres)0.04

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningCOM/RES

Water ViewsNo

Water Views Features

Waterfront 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

ExclusionsPersonal Belongings

Financial Data Source

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 OnNet Sale Price

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

Real Estate Taxes4162

Tax Year2023

Assessed Value$281,800

Financial Data Source

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 1,3,5 Church St, Merrimac MA 01860

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

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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EXIT

10 More Photos

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