18-20 Chelmsford Street

Methuen, MA 01844

$725,000
Price
6
Beds
3
Baths
2
1/2 Baths
99,999 Sq. Ft.
$7 / Sq. Ft.
99,999
Sq. Ft.
$7
per Sq. Ft.

Description

Investment Opportunity: 18-20 Chelmsford is a lucrative 2-family property that generates strong rental income and low expenses. The property features 2 townhouse style homes with spacious floorplans, finished basements and off-street parking currently being used as 4 spaces. The apartments have been recently renovated with stainless steel appliances and are separately metered making it ideal for investors seeking consistent returns.Investment Opportunity: 18-20 Chelmsford is a lucrative 2-family property that generates strong rental income and low expenses. The property features 2 townhouse style homes with spacious floorplans, finished basements and off-street parking currently being used as 4 spaces. The apartments have been recently renovated with stainless steel appliances and are separately metered making it ideal for investors seeking consistent returns.
  1. Listed by Andrew Haddad • Northeast Development & Investment, Inc.
  2. Listed by Joe Karam • Northeast Development & Investment, Inc.

Property Details for 18-20 Chelmsford Street

Town
Methuen
Area
MA-Methuen
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of Northeast Development & Investment, Inc., Andrew Haddad; Northeast Development & Investment, Inc., Joe Karam
Add your commute
LISTING UPDATED: 05/24/2024 01:17 PM

Property Details for 18-20 Chelmsford Street

StatusActive
MLS #73221206
Days on Market53
Taxes$5,583 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Side by Side
Year Built1985
CountyEssex County

Location

Listing Courtesy of Northeast Development & Investment, Inc., Andrew Haddad; Northeast Development & Investment, Inc., Joe Karam
Add your commute

Building Information for 18-20 Chelmsford Street

Stories6Residences2Year Built1985Building Size-Lot Size0.15 AC / 6,700 SF

Payment Calculator

$4,422 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$465

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18-20 Chelmsford Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Living Area: 99999.0
  • SqFt with Basement: Yes
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Approximate,Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 5.0
  • Num of Full Baths: 3
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 4911725
  • Assessments: $477,600
  • Book: 2896
  • Tax Year: 2023
  • Zoning: Res
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $53,400.00
  • NOI: $47,812.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 3
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 3
Rental Info
Rental Info
  • Total Actual Rent: $4,450.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 18-20 Chelmsford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18-20 Chelmsford Street

Taxable ValueLand-Additions$238,800Total-
Home Facts
Baths3Total Finished SqFt2,014 SqFtAbove Grade Finished SqFt2,014 SqFtUnfinished Basement SqFt988 SqFtStories2Lot Size6,708 SqFtStyleGovernmental / Public UseYear Built1985ZoningRGCountyESSEXAPNMETH M:00714 B:00017 L:0009MC

Schools near 18-20 Chelmsford Street

This home is within Methuen School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - PK to 8
Private - 9 to 12
Rating
School
Distance
Donald P Timony Grammar
PublicPK to 8

Methuen High School
Public9 to 12

St Monica School
PrivatePK to 8

Presentation of Mary Academy
Private9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

18-20 Chelmsford Street is a multi-family home for sale in Methuen, MA 01844. This property was listed for sale on April 8, 2024 by Northeast Development & Investment, Inc., it's currently listed at $725,000. This listing's school district is Methuen School District. Nearby schools include Donald P Timony Grammar, Methuen High School and St Monica School. 18-20 Chelmsford Street is a 6-bed, 4-bath, 99,999 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Northeast Development & Investment, Inc., Andrew Haddad; Northeast Development & Investment, Inc., Joe Karam

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its 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.