16-22 May StreetNorth Andover, MA 01845MLS Number 72898909

  • Price: $888,000
  • Est. Mortgage of $/month
  • 32 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Under Agreement
16-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 0184516-22 May Street North Andover MA 01845
QR Code
  • 7Bedrooms
  • 4Bathrooms
INVESTORS TAKE NOTE: a 5.25% cap rate on this unique property in the heart of downtown North Andover. Looking for multifamily income but not the hassle and expense of maintaining a typical 1900s multi? Then do not miss this block of four units in a six-unit condo building, built in 1989 and gut renovated during the conversion in 2006. Three of the units are currently occupied by tenants-at-will who wish to remain, so the cash flow starts immediately! These cozy, modern units each feature updated s/s kitchens and baths, hardwood throughout the living areas, vinyl tilt-in and sliding windows, and newer water heaters. Heat is low-maintenance electric baseboard. Vacant unit has just been completely painted. Condo fee of $210/mo/unit covers master insurance, water/sewer, snow removal, trash, and grounds maintenance. Coin-op laundry on the top floor. Vinyl siding, small yard and limited landscaping keep costs low. New roof last year. One assigned parking spot per unit plus 6 guest spots.
Listed by Ronald Cuscia of Stuart St James,Inc.

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
127 Franklin Street
Reading, MA 01867

Ask A Question

Do not fill in this field:

More Info

Parking

  • Garage Spaces
  • Parking Spaces4
  • Parking DescriptionOff-Street, Assigned, Guest, Paved Driveway
  • Total Parking Spaces4

Building

  • Year Built1989
  • ConstructionFrame
  • Bathroom4
  • Full Bath4
  • Bedrooms7
  • Total Brs7
  • Total Fbh4
  • Total Flrs10
  • Total Levels4
  • No Rooms15
  • Total Rms15
  • Total Rooms15
  • Levels2
  • Levels 11
  • Levels 21
  • Levels 31
  • Levels 41
  • BasementNo
  • Bedrms 11
  • Bedrms 22
  • Bedrms 32
  • Bedrms 42
  • FoundationPoured Concrete
  • Direction495 to Sutton St to Main St, directly behind Rolf's Pub.
  • Rms 13
  • Rms 24
  • Rms 34
  • Rms 44
  • Lead PaintNone
  • Units4

Photos

  • Number of Photos17
  • Photo Date2021-09-22T16:35:00
  • Prop TypeMF

Basic Information

  • Property Type4 Family - 4 Units Up/Down
  • Date Listed09/22/2021
  • List Price$888,000
  • Price Per Sq Ft$381
  • Status Date2021-10-17T03:05:00
  • Ant Sold Date2021-11-24T00:00:00
  • MLS Number72898909
  • MLS StatusUnder Agreement

Interior

  • App Dscrp 3Range, Dishwasher, Disposal, Microwave, Refrigerator
  • App Dscrp 2Range, Dishwasher, Disposal, Microwave, Refrigerator
  • App Dscrp 1Range, Dishwasher, Disposal, Microwave, Refrigerator
  • F Bths 21
  • F Bths 11
  • Hea Dscrp 1Electric Baseboard
  • F Bths 31
  • Hea Dscrp 2Electric Baseboard
  • Hea Dscrp 3Electric Baseboard
  • Hea Dscrp 4Electric Baseboard
  • Flrs 12
  • Flrs 22
  • Flrs 33
  • FlooringTile, Wall to Wall Carpet, Hardwood
  • F Bths 41
  • Flrs 43

Water Body

  • WaterfrontNo
  • BeachfrontNo

Other

  • Year Built DescrpActual, Renovated Since
  • Apod AvailableYes
  • Noi46764

Location

  • Street Num16
  • Building Number16-22
  • StreetMay Street
  • TownNorth Andover
  • StateMA
  • Zip01845
  • CountyEssex

Property

  • Acreage0.23
  • Lot Size10110
  • Square Feet2,332
  • Lease 1N
  • Lease 2N
  • Lease 3N
  • Lease 4N
  • Rent41400
  • Lot DescriptionPaved Drive, Shared Drive, Level
  • Rent31400
  • Rent21400
  • Rent11350
  • Assessments611600
  • Main LoAC1022
  • Road TypePublic

Exterior

  • ColorBeige
  • ExteriorVinyl
  • Exterior FeaturesFenced Yard
  • Roof MaterialAsphalt/Fiberglass Shingles, Rubber

Utilities

  • Utility Connectionsfor Electric Range
  • Electric FeatureIndividually Metered
  • Energy FeaturesInsulated Windows
  • WaterCity/Town Water
  • Hot WaterElectric
  • SewerCity/Town Sewer

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 its 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.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: