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3-5 Bixby St, North Andover MA 01845

$849,900

Estimated $2,146/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $283,300

Total Rent: 76500/year

Estimated CAP Rate:

11 Bedrooms

Baths

4602

Total Parking: 6 (2 Garage)

9,792 (0.22)

Rare opportunity to purchase a three unit multi-family home in highly desirable North Andover and cash flow immediately. The three spacious units are all currently occupied by great tenants. All three units also have unfinished space on the top floor which will allow for a value add investor to capitalize. Off street parking, corner lot, fenced in back yard, in-unit laundry, and the recent cosmetic updates are all very marketable features for potential renters. Live in one unit, and subsidize your mortgage with two units worth of rental income. This is fantastic way to build equity in your home and start a Real Estate portfolio.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 8:26am (Source: MLS PIN #73103604)

Gross Income: $76,500

Gross Expenses: $9,212

Net Income Calc: $67,288

Annual Expenses for 3-5 Bixby St, North Andover MA 01845

Total Gross Expenses (Calculated)$9,212/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9212

Annual Income & Unit Breakdown for 3-5 Bixby St, North Andover MA 01845

Total Gross Income (Calculated)$76,500

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit3

Rent Includes

General Information for 3-5 Bixby St, North Andover MA 01845

Listing ID73103604

Property TypeMulti Family / 3 Family

Price849900 ($184.68/SqFt)

Style3 Family - 3 Units Side By Side

CityNorth Andover

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total4602

Approximate Lot Size (Acres)0.22

Total Parking6 (2 Garage)

Garage Parking2

Year Built1865

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR4

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 3-5 Bixby St, North Andover MA 01845

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsAll Appliances To Remain.

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 OnGross/full Sale Price

Financial Information for 3-5 Bixby St, North Andover MA 01845

Real Estate Taxes9212

Tax Year2023

Assessed Value$709,900

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 3-5 Bixby St, North Andover MA 01845

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 3-5 Bixby St, North Andover MA 01845

Agent

Name: Patrick Murphy

Office

Name: Coldwell Banker Realty - Concord

Phone: 978-369-1000

Payment Calculator

, Interest

Property Taxes 767.67

Principal & Interest 5236.81

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Concord

Patrick Murphy

Agent Phone

Office Phone

(978) 369-1000

Text Agent Call Agent Call Office

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EXIT

38 More Photos

Closed

3-5 Bixby St, North Andover MA 01845

$849,900

Annual Expenses for 3-5 Bixby St, North Andover MA 01845

Annual Income & Unit Breakdown for 3-5 Bixby St, North Andover MA 01845

General Information for 3-5 Bixby St, North Andover MA 01845

Disclosures for 3-5 Bixby St, North Andover MA 01845

Financial Information for 3-5 Bixby St, North Andover MA 01845

Location Information for 3-5 Bixby St, North Andover MA 01845

Contact Information for 3-5 Bixby St, North Andover MA 01845

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Concord

Patrick Murphy