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    36-38 Forest St

    Methuen, MA 01844
    • $599,000
    • STATUS: Under Agreement
    • MLS #: 72816415
    Pending
    UPDATED: 40 min ago
    $599,000
    • 6
      BEDS
    • 0.25
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,142
      SQFT
    • $191
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Debi Malone of Laer Realty Partners.

    Description

    Now available...this well-maintained 4 Unit investment property in a neighborhood setting with off-street parking and a spacious shared back yard for tenants to enjoy. Two 1 bedroom units are garden-style, while the two bedroom units are townhouse-style with a large bedroom on the 2nd floor. Rent out all four units for true investment opportunity or occupy one unit and rent out the other three. Utilities are separate, Heating/Water system ~ 4 Elite Fire Tube Combi Energy Star certified, 'latest innovations in high efficiency combination space heating and hot water, tank-free operates with 95% efficiency. Separate washer/dryer connections in basement for tenant's use. Four units are leased and one will be vacant at end of the month. Property may have been de-leaded (no paperwork) buyer to do due diligence. Convenient location with easy access to Rte 93, tax-free shopping, golf courses, bus routes, and so much more.

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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 2021-05-15T09:08:16.657.
    www.westcottproperties.com/homes/116314796
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    36-38 Forest St Methuen, MA 01844

    • Price: $599,000
    • Status: Under Agreement
    • Updated: 40 min ago
    • MLS #: 72816415
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.25
    Acres
    3,142
    SQFT
    $191
    $/SQFT
    1900
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Property Description
    Now available...this well-maintained 4 Unit investment property in a neighborhood setting with off-street parking and a spacious shared back yard for tenants to enjoy. Two 1 bedroom units are garden-style, while the two bedroom units are townhouse-style with a large bedroom on the 2nd floor. Rent out all four units for true investment opportunity or occupy one unit and rent out the other three. Utilities are separate, Heating/Water system ~ 4 Elite Fire Tube Combi Energy Star certified, 'latest innovations in high efficiency combination space heating and hot water, tank-free operates with 95% efficiency. Separate washer/dryer connections in basement for tenant's use. Four units are leased and one will be vacant at end of the month. Property may have been de-leaded (no paperwork) buyer to do due diligence. Convenient location with easy access to Rte 93, tax-free shopping, golf courses, bus routes, and so much more.
    Exterior Features

    Beachfront No Color Blue Construction Frame Exterior Vinyl Foundation Fieldstone Foundation Size Unknown Lot Description Paved DriveCleared Parking Features Off-Street Parking Spaces 6 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No Waterview Flag No

    Interior Features

    Appliances Common Washer & Dryer Hookup Appliances Unit1 RangeRefrigerator Appliances Unit2 RangeRefrigerator Appliances Unit3 RangeRefrigerator Appliances Unit4 RangeRefrigerator Basement Yes Basement Features FullWalk OutConcrete FloorExterior Access Bedrooms Unit1 1 Bedrooms Unit2 2 Bedrooms Unit3 1 Bedrooms Unit4 2 Cooling Common None Cooling Unit1 None Cooling Unit2 None Cooling Unit3 None Cooling Unit4 None Cooling Units 0 Cooling Zones 0 Energy Features Insulated WindowsStorm Doors Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring VinylWall To Wall CarpetVaries Per UnitLaminateHardwood Floors Unit1 1 Floors Unit2 2 Floors Unit3 1 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 2 Full Baths Unit3 1 Full Baths Unit4 2 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Units 4 Heat Zones 4 Heating Common Gas Heating Unit1 Hot Water BaseboardGas Heating Unit2 Hot Water BaseboardGas Heating Unit3 Hot Water BaseboardGas Heating Unit4 Hot Water RadiatorsGas Hot Water Natural GasTankless Interior Features Common Storage Interior Features Unit1 Cable Tv AvailableHardwood FloorsHigh Speed Internet HookupBathroom With Tub & Shower Interior Features Unit2 Cable Tv AvailableHigh Speed Internet HookupBathroom With Tub & ShowerWall To Wall Carpet Interior Features Unit3 Cable Tv AvailableHigh Speed Internet HookupBathroom With Tub & ShowerWall To Wall Carpet Interior Features Unit4 Cable Tv AvailableStone/Granite/Solid CountersHardwood FloorsHigh Speed Internet HookupBathroom With Tub & ShowerWall To Wall Carpet Levels 3 Levels Unit1 1 Levels Unit2 2 Levels Unit3 1 Levels Unit4 2 Rooms 14 Rooms Common Laundry Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 3 Rooms Unit2 4 Rooms Unit3 3 Rooms Unit4 4

    Property Features

    Amenities Public TransportationShoppingParkGolf CourseMedical FacilityLaundromatHighway AccessHouse Of WorshipPublic School Apod Available Yes Assessments 501700.00 Contingency Type Pending P&S Disclosure No Disclosures Unit 4 Tenant Moving Out End Of Month Electric Features 220 Volts100 AmpsIndividually Metered Expenses Year End 12/20 Gross Operating Income 50400 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lease Unit4 N Lender Owned No Multifamily Type 4 Family - 4 Units Up/Down Net Operating Income 15190 Rent Unit1 1100 Rent Unit2 1300 Rent Unit3 1100 Rent Unit4 1300 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2020 Taxes 6743.00 Utility Connections For Gas RangeFor Gas DryerWasher Hookup Water City/Town Water Year Built Description Renovated Since Year Built Source Public Record Zoning Rd

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Debi Malone of Laer Realty Partners.


    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 2021-05-15T09:08:16.657.
     
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    Westcott Properties
    178 Broadway
    Providence RI, 02903
    Listing courtesy of Debi Malone of Laer Realty Partners.