Spring Meadows Apartments consists of 3 buildings and contains a total of 22 units, comprised entirely of 3+Bedroom/1.5-Bathroom direct entry townhouse units. The Property has been well-maintained by current ownership and features ample off-street parking with 46 spaces and ...
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Last Checked: July 2nd, 2025 at 7:53am (Source: MLS PIN #73391932)
Gross Income: $75,300
Gross Expenses: $68,433
Net Income Calc: $6,867
CAP Rate: 0.07%
Annual Expenses for 23 Prince St, Danvers MA 01923
Total Gross Expenses (Calculated)$68,433/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$68,433
Annual Income & Unit Breakdown for 23 Prince St, Danvers MA 01923
Total Gross Income (Calculated)$75,300
Unit 1
Rental Income$3,250
LeaseY
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit4
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income$3,025
LeaseY
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit4
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 23 Prince St, Danvers MA 01923
Listing ID73391932
Property TypeMulti Family
Price$9,500,000 ($227.93/SqFt)
Style5+ Family - 5+ Units Side By Side
CityDanvers
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total41,680 SqFt
Approximate Lot Size (Acres)11.91 acres
Total Parking46
Garage Parking
Year Built1997
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningR2
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 23 Prince St, Danvers MA 01923
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$272,763
Total Gross Income By Broker$833,040
Total Net Income By Broker$560,277
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation1.25%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 23 Prince St, Danvers MA 01923
Real Estate Taxes$68,433
Tax Year25
Assessed Value$6,226,800
Financial Data Source
Total Gross Expenses By Broker$272,763
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$833,040
BostonRealEstate.com Gross Income
Total Net Income By Broker$560,277
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)0.07%
Location Information for 23 Prince St, Danvers MA 01923
Elementary School
Middle School
High School
Neighborhood(s)Ipswich
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Bike Path, Public Transportation
Contact Information for 23 Prince St, Danvers MA 01923