41 Grove St, Merrimac, MA 01860

Multi-Family

$484,900
Price

3
Units
4,153
Approx. GLA
Great opportunity for owner occupied income or investors. It's not often that a 3 family unit with good income potential comes on the market in Merrimac. Seller has recently added almost an acre of woods to this property. Unit #3 has been completely remodeled within the past year. Unit #2 has had updates within the past 5 years. Unit #1 is the largest apartment with 2 floors, character and charm with the greatest potential of higher than current rental income with a little effort and creative touches. This 3 family has been fully occupied until very recently. Timing is perfect for adjusting rental incomes to match current demand.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Walk Out, Interior Access, Garage Access, Concrete Floor, Unfinished Basement
List Price: $484,900
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Contingent
Beds: 7
Baths: 3
Half Baths: 2
Units: 3
Year Built: 1881
Approx. GLA: 4,153
MLS#: 72256749
Interior
Basement: Yes
Electric Features: 110 Volts, 220 Volts, Circuit Breakers, Individually Metered
Heating Units: 3
Heating Zones: 3
Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet, Varies Per Unit, Hardwood
Energy: Varies per Unit
Fireplaces: 1
Hot Water: Natural Gas
Rooms: 14
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Acres: 1.28
Lot Size: 55,593.00
Lot Description: Wooded, Paved Drive, Easements
Foundation: Poured Concrete, Concrete Block, Brick
Garage Spaces: 1
Parking Spaces: 8
Parking Features: Off-Street, Stone/Gravel, Paved Driveway
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: Gray
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Exterior: Shingles, Wood
Exterior Features: Deck - Wood, Porch - Enclosed
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $439,800
Taxes: $7,186
Tax Year: 2017
Book/Page: 31707/559
School
Grade School: Dr F Sweetsir
Middle School: Helen Donaghue
High School: Pentucket HS
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $43,800
Gross Expenses: $3,500
Total Rent: $3,650
Net Income: $40,300
R&M Cost: $1,500
Water Cost: $2,000
 
 
Additional
Amenities: Park, Laundromat, Conservation Area, Highway Access, House of Worship, Public School
Disclosure Declaration: Yes
Disclosure: Seller is related to Listing Agent.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 7 3 1 1 1 1 Yes 2 $1,200
Unit 2 4 2 0 1 1 1 Yes 1 $1,500
Unit 3 4 2 2 1 No 1 $950
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator, Washer, Dryer  Heating:  Forced Air, Oil  Interior:  Bathroom With Tub & Shower, Box/Bay/Bow Window(s), High Speed Internet Hookup, Ceiling Fans, Cable TV Available  Rooms:  Living Room, Dining Room, Kitchen, Family Room, Sunroom 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Forced Air, Gas  Interior:  Bathroom With Tub & Shower, Hardwood Floors, High Speed Internet Hookup, Cable TV Available, Storage, Balcony/Deck  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Microwave, Refrigerator  Heating:  Steam, Gas  Interior:  Bathroom with Shower Stall, Open Floor Plan, Programmable Thermostat, Remodeled, Wall to Wall Carpet, High Speed Internet Hookup, Ceiling Fans, Cable TV Available, Storage, Balcony/Deck  Rooms:  Living Room, Kitchen 
Map
The listing office is Keller Williams Realty and the listing agent is Rene Conti. 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 it's 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. The data was last modified on 12/13/2017 9:35:00 AM.
 
Amanda Bruen
Amanda Bruen
KELLER WILLIAMS REALTY