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Listed by Flex Realty Group of Flex Realty
Great opportunity exists with this 4 unit multifamily property located in Essex on a corner lot with over 2 acres of land! "The barn" as its referred to is approximately 5400 square feet (30 x 90 feet) all with a "country rustic" feel. There are 4 apartments in the building on the upper level all with private entrances. The first level of the barn is currently used for owners storage with space to hold 4-6 vehicles. All units are one bedroom with an additional room for use as office space, etc. Apartments 2 and 3 are in the back and have private decks. Each unit also has washer and dryer hook-ups. Each unit is heated by a natural gas direct vent heater. There is a large yard and woods that allows each unit to have some outdoor space, gardening spot, etc as well as a huge parking lot that provides plenty of easy parking for tenants as well as visitors. The property is also directly on the bus line making it very convenient for tenants. The gross monthly income for all units is nearly $3500 and the rents are considered below market rate with room to increase. All units currently rented with month to month leases.

Property Details of 235 River Road

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 28, 2021.

 

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