4 Central St, Methuen, Massachusetts 01844

$600,000
7
BD
5
BA
4,786
SqFt

Listing agent Kevin Lawless from Stone Ridge Properties, Inc.

Selling Agent:

Sold Price
$600,000
List Price
$625,000
Closing Date
Jul 09, 2019
MLS#
72502588
Bedrooms
7
Bathrooms
5
Sq. Ft
4,786
Lot Size
5,445
County
Essex
Year Built
1850
Status
SOLD

Property Description

Magnificent Four Family with 16 rooms, 7 to 8 bedrooms and 5 bathrooms conveniently located near Greycourt State Park with easy access to major highways and to the Methuen downtown area restaurants and shops. Large first floor unit with 8 rooms, 3-4 bedrooms, beautiful fenced yard and 2 full baths makes it very desirable for an owner/occupant with significant potential income from tenants to help offset your mortgage, taxes, insurance and expenses. Currently in use for extended family occupancy, however, this property makes for an excellent investment opportunity with over $55K in projected NOI based upon estimated market rentals for all four units. In the alternative, it would be an easy condo conversion project.

Additional Information

Days on Market
45
Taxes
$8,071
Construction
Frame
Amenities
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
Flooring
Wood, Tile
Basement
Yes
Hotwater
Natural Gas
Lot Description
Paved Drive, Level
Parking Spaces
8
Acres
0.13
Price Per Sqft
$125
Utility Connections
for Gas Range, for Electric Range, for Gas Dryer, Washer Hookup
Disclosures
All rents are estimated and based upon MLS data. Dwelling was used by an extended family, as a single family. Each Unit has separate electrical panel and meter. However, there may be some cross over circuits. Accordingly, there is no representation of separately metered electrical service.

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