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$650,000
Total Beds: 7 Total Baths: 5
Total Units: 4 SQFT: 4074
LOT size: 0.27 Acres
15-1/2 Central St
Methuen, MA 01844
This Property is No Longer Available

Property Description

Owned by same family since 1955, this is a ONCE IN A LIFETIME OPPORTUNITY TO OWN ONE-OF-A-KIND VICTORIAN MANSION TURNED INTO 4 FAMILY IN THE PRIME LOCATION OF METHUEN, ON LOVELY LARGE CORNER LOT & QUIET NEIGHBORHOOD.One COMPLETE side is a TOWNHOUSE style home w/ large foyer,Living/Dining Rms, Kitchen,Pantry, 3-4 bedrooms, 1.5 baths, hardwood-pine fls & fine period details. The OTHER side of the mansion consists of THREE apartments, ONE on EACH FLOOR. EACH apartment is spacious w/ living room, kitchen, one bedroom and full bath.There is newer garage/workshop and 6 parking spots on the lot. UPDATED electrical, NEW roof, NEW heating system and some NEW windows: could use some additional cosmetic updates which would go a long way. Near Graycourt State park, Close proximity to Shops, Restaurants, & commuting routes. A great investment opportunity for owner occupant to live on one side and HAVE MORTGAGE COMPLETELY PAID BY RENT or MAKE OVER $60,000.00 in projected income based on market rent.

Property Details

Building Information

  • Total Units: 4
  • Total Rent: 5050
  • Total Floors: 7
  • Levels: 3
  • Total Rooms: 17
  • RMS: 18
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: No
  • Gross Operating Income: 64200
  • Net Operating Income: 999999

Utilities

  • Heat Zones: 4
  • Hot Water: Oil
  • Electric Info: 200 Amps
  • Utility Connections: for Electric Dryer, for Electric Range, for Gas Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 2500
  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Rooms: 8
  • Floors: 1
  • Bedrooms: 4
  • Full Baths: 1
  • Half Baths: 1
  • Other Rooms: Dining Room, Kitchen, Laundry, Living Room
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Interior Features: Bathroom With Tub & Shower, Hardwood Floors, Wood Flooring
  • Heating: Central Heat, Electric Baseboard, Hot Water Radiators, Oil, Radiant, Steam
  • Cooling: None
  • Levels: 2

Unit 2 Description

  • Rent: 900
  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Rooms: 3
  • Floors: 1
  • Bedrooms: 1
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Heating: Central Heat, Electric Baseboard, Hot Water Radiators, Oil, Radiant, Steam
  • Cooling: None
  • Levels: 1

Unit 3 Description

  • Rent: 950
  • Included in Rent: Heat, Hot Water, Water
  • Rooms: 3
  • Floors: 2
  • Bedrooms: 1
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Heating: Central Heat, Electric Baseboard, Hot Water Radiators, Oil, Radiant, Steam
  • Cooling: None
  • Levels: 1

Unit 4 Description

  • Rent: 1000
  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Rooms: 3
  • Floors: 3
  • Bedrooms: 1
  • Full Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Heating: Central Heat, Electric Baseboard, Hot Water Radiators, Oil, Radiant, Steam
  • Cooling: None
  • Levels: 1
Unit 5 Description
  • Under Lease: No

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Pine, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 72814172
  • Last Updated: 05/14/21

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