Todd Finn - RE/MAX Partners

59-61 Oakland Avenue, Methuen, MA 01844

Multi-Family

$339,000
Price
$314,000
Sale Price

4
Units
3,244
Approx. GLA
Attention investors! Methuen 4 family new to the market! NEW ROOF, NEW WINDOWS, FRESHLY PAINTED, 3 YEAR OLD BOILER!! All the units feature one bedroom and one bathroom. Oversized 3 bay garage with automatic openers and enclosed storage above it! Sale includes adjacent parcel of 1,248 square feet that garage sits on. Rents are low with heat included as the units need updating and TLC. Owner pays heat, water & sewer. There is one furnace and one t-stat that controls all the units. One unit is vacant, the other 3 units are tenants at will.
Highlights
Sale Price: $314,000
Settled Date: 1/17/2017 12:00:00 AM
List Price: $339,000
Type: Multi-Family
Multi-Family Type: 4 Family
Status: Sold
Beds: 4
Baths: 4
Units: 4
Year Built: 1900
Year Round: Yes
Approx. GLA: 3,244
MLS#: 72026952
 
 
Interior
Basement: Yes
Electric Features: Fuses
Heating Units: 1
Heating Zones: 1
Flooring: Wood, Vinyl, Wall to Wall Carpet
Energy: Insulated Windows
Hot Water: Electric
Rooms: 12
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.15
Lot Size: 6,514.00
Lot Description: Shared Drive
Foundation: Fieldstone
Garage Spaces: 3
Parking Spaces: 6
Parking Features: Off-Street
Road Type: Public, Paved
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Asbestos
Exterior Features: Porch - Enclosed
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $335,800
Taxes: $4,973
Tax Year: 2016
Book/Page: 1243/287
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $24,600
Gross Expenses: $6,886
Net Income: $15,863
Heat Cost: $3,405
Insurance Cost: $3,093
R&M Cost: $1,539
Water Cost: $700
 
Additional
Amenities: Public Transportation, Shopping, Highway Access, House of Worship
Disclosure Declaration: Yes
Disclosure: Sale includes adjacent parcel of 1,248 square feet that garage sits on. Taxes & lot size included in total. Owner pays heat, water & sewer. There is one furnace and one t-stat for all the units. One unit is vacant. To be conveyed as presently tenanted.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1
Unit 2 3 1 0 1 1 0 No 1 $750
Unit 3 3 1 0 2 1 0 No 1 $700
Unit 4 3 1 0 2 1 0 No 1 $600
Units Extras
Unit 1
Applicances:  Range, Refrigerator  Heating:  Central Heat, Common  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Heat, Water, Hot Water  Applicances:  Range, Refrigerator  Heating:  Central Heat, Common  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Heat, Water, Hot Water  Applicances:  Range, Refrigerator  Heating:  Central Heat, Common  Rooms:  Living Room, Kitchen 
Unit 4
Rent Includes:  Heat, Water, Hot Water  Applicances:  Range, Refrigerator  Heating:  Central Heat, Common  Rooms:  Living Room, Kitchen 
Map
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The listing office is RE/MAX Leading Edge and the listing agent is Nancy A. Dowling. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 9/19/2017 6:05:00 PM.
 
Todd Finn
Todd Finn
RE/MAX Partners