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    114-116 Marblehead St

    North Andover, MA 01845
    • $699,900
    • STATUS: Under Agreement
    • MLS #: 72834019
    Pending
    $699,900
    • 5
      BEDS
    • 0.19
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,813
      SQFT
    • $249
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing courtesy of Team Lillian Montalto of Lillian Montalto Signature Properties.

    Description

    Great opportunity to own a rare 3 Family, cash cow - investment property in North Andover. The property consists of one, three bedroom unit & two, one bedroom units. Additionally, it has been well cared for by thoughtful owners who took pride in offering a well maintained property to their tenants. The property features three,3 yr old furnaces, three, 3 yr old hot water heaters,8 yr old roof, updated insulation, vinyl siding,& replacement windows. More importantly, the owner has 3 Letters of Initial Lead Paint Inspection Compliance in hand so there is little left to do except sit back & collect rent! To that end, the property will be sold w/ great, long term tenants,1 w/ lease, & 2 tenants at will w/ great upside potential to get market rate rents! Owner responsible for landscaping & snow removal. This centrally located property near downtown and highway access to I-495 has 5 off street parking spots & backyard. It will not last. Do not miss this great, local real estate investment!

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    The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-06-17T00:07:32.137.
    www.maloneypropertiesrealestate.com/homes/117360403
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    114-116 Marblehead St North Andover, MA 01845

    • Price: $699,900
    • Status: Under Agreement
    • MLS #: 72834019
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,813
    SQFT
    $249
    $/SQFT
    1910
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Elementary School:
    Thomson
    Middle School:
    North Andover
    High School:
    North Andover
    Property Description
    Great opportunity to own a rare 3 Family, cash cow - investment property in North Andover. The property consists of one, three bedroom unit & two, one bedroom units. Additionally, it has been well cared for by thoughtful owners who took pride in offering a well maintained property to their tenants. The property features three,3 yr old furnaces, three, 3 yr old hot water heaters,8 yr old roof, updated insulation, vinyl siding,& replacement windows. More importantly, the owner has 3 Letters of Initial Lead Paint Inspection Compliance in hand so there is little left to do except sit back & collect rent! To that end, the property will be sold w/ great, long term tenants,1 w/ lease, & 2 tenants at will w/ great upside potential to get market rate rents! Owner responsible for landscaping & snow removal. This centrally located property near downtown and highway access to I-495 has 5 off street parking spots & backyard. It will not last. Do not miss this great, local real estate investment!
    Exterior Features

    Beachfront No Color White Construction Frame Exterior Vinyl Exterior Features PorchGuttersVaries Per Unit Foundation Fieldstone Foundation Size irregular Lot Description Paved DriveLevel Parking Features Off-Street Parking Spaces 5 Road Type PublicPublicly Maint. Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No Waterview Flag No

    Interior Features

    Appliances Unit1 RangeRefrigerator Appliances Unit2 RangeRefrigerator Appliances Unit3 RangeRefrigerator Basement Yes Basement Features FullWalk OutInterior AccessBulkheadConcrete Floor Bedrooms Unit1 1 Bedrooms Unit2 1 Bedrooms Unit3 3 Cooling Units 0 Cooling Zones 0 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Flooring TileVinylVaries Per UnitLaminateHardwood Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 3 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Units 3 Heat Zones 3 Hot Water Natural GasLeased Heater Interior Features Unit1 Lead Certification Available Interior Features Unit2 Lead Certification Available Interior Features Unit3 Walk-Up AtticLead Certification Available Levels 4 Levels Unit1 1 Levels Unit2 2 Levels Unit3 2 Rooms 11 Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomDining RoomKitchen Rooms Unit1 3 Rooms Unit2 3 Rooms Unit3 5

    Property Features

    Adult Community No Amenities Public TransportationShopping Apod Available No Assessments 464800.00 Contingency Type Pending P&S Disclosure No Disclosures The 5th Bedroom is Part Of The 2nd Floor Unit And Located On The 3rd Floor. Separate Metered Utilities For Each Unit. Tenants Responsible For Own Utilities. Letters Of Full initial Lead inspection in Hand. Electric Features Circuit Breakers Exclusions Cobblestones in Back Yard. Gross Operating Income 38700 Lead Paint Certified Treated Lease Unit1 N Lease Unit2 N Lease Unit3 N Lender Owned No Multifamily Type 3 Family Net Operating Income 38700 Rent Unit1 950 Rent Unit2 975 Rent Unit3 1850 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2021 Taxes 6586.00 Utility Connections For Gas RangeFor Electric RangeFor Electric Dryer Water City/Town Water Year Built Description Approximate Year Built Source Public Record Year Round Yes Zoning R4

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Team Lillian Montalto of Lillian Montalto Signature Properties.


    The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-06-17T00:07:32.137.
     
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    Maloney Properties Real Estate Brokerage
    27 Mica Lane 3rd Floor
    Wellesley MA, 02481
    Listing courtesy of Team Lillian Montalto of Lillian Montalto Signature Properties.