North Andover, MA 01845,100 Elm St
North Andover, MA 01845,100 Elm St
North Andover, MA 01845,100 Elm St
14
$1,225,000
$1,150,000
6.5%
Est.Price: ?

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6 BD
5 BA
3,620 SqFt

100 Elm St North Andover, MA 01845

Est. payment /mo
SOLD DATE : 10/11/2024

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Key Details

Sold Price $1,225,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Sold

Purchase Type For Sale

Square Footage 3,620 sqft

Price per Sqft $338

MLS Listing ID 73278091

Sold Date 10/11/24

Bedrooms 6

Full Baths 4

Half Baths 2

Year Built 1849

Annual Tax Amount $9,563

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Description

The Property contains a total of 5 units, consisting of 2 commercial units, one (1), 1-Bedroom/1 Bathroom unit, one (1), 2-Bedroom/1-Bathroom unit, and one (1) 3+Bedroom/2-Bathroom unit. The commercial units are leased to Simplicity Salon and CYR Construction, both of which have 3+ years remaining on their leases with scheduled annual rent increases. All the units have been updated and feature separately metered utilities. The Property is located in a residential urban infill area, with nearby amenities including local restaurants and retailers along Water Street and High Street and in the restored East and West Mill complexes. The property has a current cap rate of 7.51%.

Location

State MA

County Essex

Zoning R4

Direction Please use GPS

Exterior

Total Parking Spaces 6

Garage No

Building

Lot Description Corner Lot

Story 7

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Horvath & Tremblay
Bought with Spencer Norton • Horvath & Tremblay

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Michael Hannigan

Realtor® | License ID: MA9569074

+1(617) 888-6606

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