MLS Number 72912118
- Multi-Family 2 Family - 2 Units Up/Down
- Total Parking Spaces 2
- Year Built 1895
- Bathroom 3
- Full Bath 3
Hands-free investment package with annual projecting gross rents of $47,400. These two condo units were converted in 2005 with hardwood floor through out, both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 has a long term tenant of more than 4 years, she keeps the unit neat and pay rents on time. Unit 11(1,745 SF) was just completed fresh painted with hardwood flooring sanded and painted, two brand new vanity, public record show it has 4 bedrooms, but it has five bedrooms with master bath. Total condo fees of both units is $546 per month($184 and $362). Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for roof, exteriors, water/sewer and master insurance). With this low mortgage rate and rising inflation, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings.
Listed by Mei Zhou of Coldwell Banker Realty - Andover