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Canceled

49 Poplar Street, Danvers MA 01923

$978,900

Estimated $2,242.61/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $326,300

Total Rent: 74400/year

Estimated CAP Rate: 6.80%

8 Bedrooms

3 Full Baths

2,546 SqFt

Total Parking: 23 (3 Garage)

30,000 SqFt

Unique opportunity to own a Lovely Home w/ Reliable Rental Income. Property is Well Situated & in Turnkey Condition. The Large Level Back Yard offers outside space for each unit with Ample parking & a Shed, UNIT 1- Nice Kitchen - Dining area w/ a built in china closet. Living Room w/ a Decorative Fireplace. Four Bedrooms on second level w/ wide pine floors. Primary has Decorative FP - Access to basement w/ Laundry hook ups & storage. UNIT 2 - First Floor Owner Unit - Updated Kitchen & Bath - Spacious Living room w/ a Fire place & Wide Pine flooring. Large Primary & Cute Second Bedroom. Walk out to a Fenced yard to enjoy outside. Separate Dog Area Fenced. UNIT 3 offers a Kitchen & Living room - 2 Bedrooms and a Full Bath. Nice yard area. The Three car garage offers extra income--all currently rented. Many updates - Separate Utilities -Anderson Windows - Walk to Rail Trail, Schools & All Downtown Danvers has to offer! Short drive to major highways. Welcome Home!

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 5:36am (Source: MLS PIN #73093852)

Gross Income: $74,400

Gross Expenses: $7,864

Net Income Calc: $66,536

CAP Rate: 6.80%

Beach Front

Annual Expenses for 49 Poplar Street, Danvers MA 01923

Total Gross Expenses (Calculated)$7,864/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,864

Annual Income & Unit Breakdown for 49 Poplar Street, Danvers MA 01923

Total Gross Income (Calculated)$74,400

Unit 1

Rental Income$2,200

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,800

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 49 Poplar Street, Danvers MA 01923

Listing ID73093852

Property TypeMulti Family / 3 Family

Price$978,900 ($384.49/SqFt)

Style3 Family

CityDanvers

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,546 SqFt

Approximate Lot Size (Acres)0.69 acres

Total Parking23 (3 Garage)

Garage Parking3 / Detached

Year Built1840

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, Beach Ownership(public)

Energy Features

Terms

Disclosures for 49 Poplar Street, Danvers MA 01923

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureSome rents are estimates- Rents per garage are 125

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$78,900

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 49 Poplar Street, Danvers MA 01923

Real Estate Taxes$7,864

Tax Year2023

Assessed Value$669,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$78,900

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.80%

Location Information for 49 Poplar Street, Danvers MA 01923

Elementary SchoolThorpe

Middle SchoolHolten Richmond

High SchoolDanvers High

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s), Private School

Contact Information for 49 Poplar Street, Danvers MA 01923

Agent

Name: Kerry Cheever

Office

Name: Cheever Associates

Phone: 978-887-9377

Payment Calculator

, Interest

Property Taxes 655.33

Principal & Interest 6031.67

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cheever Associates

Kerry Cheever

Agent Phone

Office Phone

(978) 887-9377

Text Agent Call Agent Call Office

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)

EXIT

Canceled

49 Poplar Street, Danvers MA 01923

$978,900

Annual Expenses for 49 Poplar Street, Danvers MA 01923

Annual Income & Unit Breakdown for 49 Poplar Street, Danvers MA 01923

General Information for 49 Poplar Street, Danvers MA 01923

Disclosures for 49 Poplar Street, Danvers MA 01923

Financial Information for 49 Poplar Street, Danvers MA 01923

Location Information for 49 Poplar Street, Danvers MA 01923

Contact Information for 49 Poplar Street, Danvers MA 01923

Agent

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Cheever Associates

Kerry Cheever