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$9,500,000
Est. payment /mo
66 Beds
33 Baths
41,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 41,680 sqft
Price per Sqft $227
MLS Listing ID 73391932
Bedrooms 66
Full Baths 22
Half Baths 22
Year Built 1997
Annual Tax Amount $68,433
Tax Year 25
Lot Size 11.910 Acres
Acres 11.91
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
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 separate utilities with HVAC systems throughout and laundry hookups in each unit. Large units (approximately 2,000 square feet) offer spacious layouts with finished walkout basements and many units have been renovated with granite countertops and stainless-steel appliances. The Property offers upside through programmatic upgrades to the unrenovated units and by implementing additional improvements to modernize finishes and fixtures in the renovated units. Spring Meadows offers the opportunity to acquire a well-maintained investment property with upside in a desirable North Shore location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns.
Location
State MA
County Essex
Zoning R2
Direction Please Use GPS
Rooms
Basement Full, Partially Finished
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Public School
Roof Type Shingle
Total Parking Spaces 46
Garage No
Building
Lot Description Level
Story 8
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
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