$1,475,000
$1,535,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
5,237 SqFt
SOLD DATE : 06/14/2023
Key Details
Sold Price $1,475,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,237 sqft
Price per Sqft $281
MLS Listing ID 73073080
Sold Date 06/14/23
Bedrooms 7
Full Baths 5
Year Built 1900
Annual Tax Amount $11,491
Tax Year 2022
Lot Size 9,147 Sqft
Acres 0.21
Property Description
175 Hancock Street, a 7% cap rate on current income, is a three-story building containing five units consisting of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units in 5,237 square feet of living area in 8,078 square feet of total gross area on a large, 0.21-acre corner lot. Majority of units renovated and has off-street parking for up to 7 cars. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Wellington stations on the MBTA’s Orange Line.
Location
State MA
County Middlesex
Zoning DD
Direction On corner of Hancock St and Highland Ave
Rooms
Basement Full
Interior
Appliance Washer, Dryer, Gas Water Heater
Exterior
Community Features Public Transportation
Total Parking Spaces 7
Garage No
Building
Lot Description Corner Lot
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with John Pentore • Horvath & Tremblay
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "