Address
114-116 Marblehead St North Andover, MA
Price
$ 699,900
Property Attributes
  • MLS#72834019
  • TypeContingent
  • CountyESSEX
  • CityNorth Andover
  • Zip01845
  • Style3 Family
  • Year Built1910
  • Taxes$ 6586
  • Price$ 699,900
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2813
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Team Lillian Montalto with Lillian Montalto Signature Properties.
Data Source:
MLSPIN
Property Description

Great opportunity to own a rare 3 Family, cash cow - investment property in North Andover. The property consists of one, three bedroom unit & two, one bedroom units. Additionally, it has been well cared for by thoughtful owners who took pride in offering a well maintained property to their tenants. The property features three,3 yr old furnaces, three, 3 yr old hot water heaters,8 yr old roof, updated insulation, vinyl siding,& replacement windows. More importantly, the owner has 3 Letters of Initial Lead Paint Inspection Compliance in hand so there is little left to do except sit back & collect rent! To that end, the property will be sold w/ great, long term tenants,1 w/ lease, & 2 tenants at will w/ great upside potential to get market rate rents! Owner responsible for landscaping & snow removal. This centrally located property near downtown and highway access to I-495 has 5 off street parking spots & backyard. It will not last. Do not miss this great, local real estate investment!

Elementary School Middle School High School
Thomson Elementary School North Andover Middle School North Andover High School
Price History
5/19/2021 Listed $699,900

General Features

Construction Material Frame
Electrical Equipment/Features Circuit Breakers
Elementary School Thomson
Exterior Features Porch, Gutters, Varies per Unit
Flooring Tile, Vinyl, Varies Per Unit, Laminate, Hardwood
Full Baths 3
Heat Zones 3
Heated Units 3
High School North Andover
Lead Paint Certified Treated
Levels 5
Middle School North Andover
Parking Features Off-Street
Parking Spaces 5
Roof Asphalt/Fiberglass Shingles
Sewer City/Town Sewer
Square Feet 2813.00
State Massachusetts
Unit 1 Rent 950
Unit 2 Rent 975
Unit 3 Rent 1850

Interior Features

Basement Features Full, Walk Out, Interior Access, Bulkhead, Concrete Floor
Bedrooms (1) 1
Bedrooms (2) 1
Bedrooms (3) 3
Hot Water Natural Gas, Leased Heater
Total Bedrooms 5
Total Number of Units 3

Exterior Features

Exterior Vinyl
Foundation Fieldstone
House Color white
Lot Description Paved Drive, Level

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 01845

Price
AVG $650K
$700K
Taxes
AVG $6,991
$6,586
Visits
AVG 14
5
Year Built
AVG 1976
1910

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