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Closed

262-266 Broadway, Methuen MA 01844

$2,399,000

Estimated $6,306.64/month Calculator

Multi Family

Total Units: 15

Price Per Unit: $159,933.33

Total Rent: 67740/year

Estimated CAP Rate: 1.61%

11 Bedrooms

11 Full, 10 Half Baths

13,772 SqFt

Total Parking: 50

34,325 SqFt

Pay attention. Mixed-use property consisting of four buildings containing four commercial units and eleven one bedroom units. Parking on site for 50 cars. Potential redevelopment site. All units include heat and hot water. Details made available upon request.

This home has been viewed 17 times

Last Checked: May 7th, 2024 at 8:45am (Source: MLS PIN #73076075)

Gross Income: $67,740

Gross Expenses: $29,000

Net Income Calc: $38,740

CAP Rate: 1.61%

Annual Expenses for 262-266 Broadway, Methuen MA 01844

Total Gross Expenses (Calculated)$29,000/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$29,000

Annual Income & Unit Breakdown for 262-266 Broadway, Methuen MA 01844

Total Gross Income (Calculated)$67,740

Unit 1

Rental Income$1,190

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 2

Rental Income$1,100

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 3

Rental Income$1,080

Lease

Bedrooms1

Bathrooms1 Full

Floor

Levels in Unit

HeatingNo

Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

Unit 4

Rental Income$2,275

Lease

Bedrooms0

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat, Hot Water), Unit 2(heat, Unit 4(heat, Unit 3(heat

General Information for 262-266 Broadway, Methuen MA 01844

Listing ID73076075

Property TypeMulti Family / 5+ Family

Price$2,399,000 ($174.19/SqFt)

Style5-9 Family

CityMethuen

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total13,772 SqFt

Approximate Lot Size (Acres)0.79 acres

Total Parking50

Garage Parking

Year Built1909

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Area4567

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningCBD

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 262-266 Broadway, Methuen MA 01844

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosureadditional finished space on lower level not inclu

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$56,000

Total Gross Income By Broker$228,000

Total Net Income By Broker$172,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 262-266 Broadway, Methuen MA 01844

Real Estate Taxes$29,000

Tax Year2022

Assessed Value$1,575,600

Financial Data SourceEstimated

Total Gross Expenses By Broker$56,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$228,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$172,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.61%

Location Information for 262-266 Broadway, Methuen MA 01844

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 262-266 Broadway, Methuen MA 01844

Agent

Name: Laurence Marocco

Office

Name: Minco Commercial

Phone: 978-687-6200

Payment Calculator

, Interest

Property Taxes 2416.67

Principal & Interest 14781.87

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Minco Commercial

Laurence Marocco

Agent Phone

Office Phone

(978) 687-6200

Text Agent Call Agent Call Office

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[lead_paint] => Array
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            [phone] => 978-687-6200
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[optional_fee_includes] => Array
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[optional_price] => 0
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[owner_occupancy_source] => 
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        (
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[phone] => 978-479-3137
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[real_estate_tax] => $29,000
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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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    [senior_community] => No
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[sewer_expense] => Array
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[terms] => Array
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    [trash_expense] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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[water_views_features] => Array
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EXIT

Closed

262-266 Broadway, Methuen MA 01844

$2,399,000

Annual Expenses for 262-266 Broadway, Methuen MA 01844

Annual Income & Unit Breakdown for 262-266 Broadway, Methuen MA 01844

General Information for 262-266 Broadway, Methuen MA 01844

Disclosures for 262-266 Broadway, Methuen MA 01844

Financial Information for 262-266 Broadway, Methuen MA 01844

Location Information for 262-266 Broadway, Methuen MA 01844

Contact Information for 262-266 Broadway, Methuen MA 01844

Agent

Office

Payment Calculator

Exclusive Listing Agent

Minco Commercial

Laurence Marocco