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1379-1381 Bridge St, Dracut MA 01826

$799,900

Estimated $1,725.20/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $199,975

Total Rent: 34800/year

Estimated CAP Rate: 3.71%

0 Bedrooms

1 Full, 5 Half Baths

5,894 SqFt

Total Parking: 29

13,200 SqFt

LOCATED ON BUSY ROUTE 38: ATTENTION Entrepreneurs & Investors! Don’t miss this opportunity to view 4-Unit commercial property. Located on a busy corner lot by intersection of Rt 113 & Rt 38. Property provides ample exposure & signage. Home to 3 separate businesses: Salon/Day spa (Unit 1), Dance Studio (Units 2&3), Music School (Unit 4). Salon offers 2 stories of retail space, open first floor with 4 hair stations, dryers, sinks, front desk and wax suite. Second floor has nail area, air-brush tanning, and several spa rooms creating additional suites. Be the first to bring Private “Salon Suite” concept to Dracut! Open floor plan can easily be converted into several Suites, creating exponential revenue & unparalleled customer experience. Dance Studio occupies units 2&3 with 2 large studio spaces, with storage & front desk/retail area. Music school has several smaller lesson rooms, large "band room" and loft storage. Perfect for investors with a vision for the future of Dracut business.

This home has been viewed 23 times

Last Checked: May 7th, 2024 at 8:11am (Source: MLS PIN #73084490)

Gross Income: $34,800

Gross Expenses: $5,138

Net Income Calc: $29,662

CAP Rate: 3.71%

Annual Expenses for 1379-1381 Bridge St, Dracut MA 01826

Total Gross Expenses (Calculated)$5,138/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,138

Annual Income & Unit Breakdown for 1379-1381 Bridge St, Dracut MA 01826

Total Gross Income (Calculated)$34,800

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$1,475

LeaseY

Bedrooms1

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$450

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$975

LeaseY

Bedrooms0

Bathrooms2 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 1379-1381 Bridge St, Dracut MA 01826

Listing ID73084490

Property TypeMulti Family / 4 Family

Price$799,900 ($135.71/SqFt)

Style4 Family - 4 Units Up/down

CityDracut

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total5,894 SqFt

Approximate Lot Size (Acres)0.3 acres

Total Parking29

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningB3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1379-1381 Bridge St, Dracut MA 01826

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$34,800

Total Net Income By Broker$34,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 1379-1381 Bridge St, Dracut MA 01826

Real Estate Taxes$5,138

Tax Year2022

Assessed Value$418,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$34,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$34,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.71%

Location Information for 1379-1381 Bridge St, Dracut MA 01826

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHouse Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation

Contact Information for 1379-1381 Bridge St, Dracut MA 01826

Agent

Name: Raymond Boutin

Office

Name: RE/MAX Innovative Properties

Phone: 978-452-4432

Payment Calculator

, Interest

Property Taxes 428.17

Principal & Interest 4928.73

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Innovative Properties

Raymond Boutin

Agent Phone

Office Phone

(978) 452-4432

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test_date] => Unknown
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EXIT

Closed

1379-1381 Bridge St, Dracut MA 01826

$799,900

Annual Expenses for 1379-1381 Bridge St, Dracut MA 01826

Annual Income & Unit Breakdown for 1379-1381 Bridge St, Dracut MA 01826

General Information for 1379-1381 Bridge St, Dracut MA 01826

Disclosures for 1379-1381 Bridge St, Dracut MA 01826

Financial Information for 1379-1381 Bridge St, Dracut MA 01826

Location Information for 1379-1381 Bridge St, Dracut MA 01826

Contact Information for 1379-1381 Bridge St, Dracut MA 01826

Agent

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Exclusive Listing Agent

RE/MAX Innovative Properties

Raymond Boutin