$675,000
$625,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
101 Elm St Andover, MA 01810
6 Beds
2 Baths
2,736 SqFt
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type 2 Family - 2 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $246
MLS Listing ID 72673789
Sold Date 08/04/20
Bedrooms 6
Full Baths 2
Year Built 1928
Annual Tax Amount $8,619
Tax Year 2020
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 2 Family - 2 Units Up/Down
Property Description
**EXCELLENT INVESTMENT OPPORTUNITY DESIRABLE LOCATION ** Less than half mile to downtown shops, cafes, & restaurants. Corner lot 2 family. Ideal property to live in one unit & rent out the other unit. Unit 1 currently vacant w/ updated kitchen new cabinets, counter-tops, sink, dishwasher, microwave, as well as improvements in the bathroom including new toilet, vanity, & sink. Nothing to do but move in. Estimated market rent between $2,200 - $2,400/month. Unit 2, also in good condition, currently occupied by long-term tenant-at-will paying $1,650/month. Fair market rent is $2,200 - $2,400/month. Potential for extra living space on the 3rd floor includes unfinished attic space. Also great opportunity for investor looking to put down 25% and rent out both units and eventually condo convert. Solid property in a desirable market w/ an exceptional ROI, no matter if you're looking to live in one unit or rent out both. Property won't last long. Group Showing. Thurs June 18th has been cancelled
Location
State MA
County Essex
Zoning SRA
Direction Google Maps
Rooms
Basement Full
Interior
Appliance Gas Water Heater
Exterior
Garage Spaces 2.0
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access
Total Parking Spaces 4
Garage Yes
Building
Lot Description Corner Lot, Wooded
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Acceptable Financing Contract
Listing Terms Contract
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Bought with Jonathan Maren • Keller Williams Realty