512 Merrimack Ave
$774,900
5
Beds
3
Baths
2,933
Sqft
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$774,900
5
Beds
3
Baths
2,933
Living Area
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Property Description
RARE MULTIFAMILY INVESTMENT OPPORTUNITY IN DRACUT - VALUE & CASHFLOW POTENTIAL Don't miss this opportunity to own this 3-unit multifamily, perfect for both investors and owner occupants. This versatile asset features two spacious 2-bedroom, 1 bathroom units along with a well maintained 1-bedroom, 1-bathroom unit. Regardless if you are looking to live in one unit and rent out the others, or, fully lease all three, this property offers tremendous upside. Whether you're expanding your portfolio or just getting started in multifamily investing, this property presents a rare chance to secure a cash flowing asset with long-term growth potential. First showings will take place at the open houses being hosted on Saturday and Sunday 8/9 and 8/10 from 11am to 1pm both days.
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Highlights
- Cooling: Window Unit(s)
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1945
- Heating: Baseboard
- Parking Spots: 8
- Property Type: 3 Family
- Total Rooms: 11
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator, Dishwasher, Washer, Dryer
- Construction: Frame, Stone
- Foundation: Stone
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Bulkhead, Dirt Floor, Concrete, Unfinished
- Flooring: Carpet, Laminate
- Interior Features: Ceiling Fan(s), Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: B-3
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Amenities
- Parking Features: Off Street
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Utilities
- Electric: Circuit Breakers, 100 Amp Service, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $558,600
- Compensation Based On: Gross/Full Sale Price
- Rental Fee Includes: Unit 1(Gas, Water, Other (See Remarks)), Unit 2(Gas, Water, Other (See Remarks)), Unit 3(Gas, Water)
- Taxes: $5,954
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 2%
- Tax Year: 2024
- Total Rent: $3,825
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