7-17 School St - Apartments FOR SALE


Merrimac, MA 01860
$850,000 USD
978-971-1225
7-17 School St, Merrimac, MA for Sale
$850,000 USD
Apartments - FOR SALE
1/56
null | Request Cap Rate

7-17 School St
Merrimac, MA 01860


HIGHLIGHTS

  • Mixed use property located in Historic village central.
  • Nestled in the Merrimack Valley with convenient routes to Boston, seacoast, and the White Mountains.
  • Approximately 45 minutes to downtown Boston via I-495/ I-93 for work, dining, and cultural attractions.
  • Just 10-20 minutes to North Shore beaches and the waterfront shops and restaurants of Newburyport.
  • Easy access to hiking and skiing in the southern New Hampshire hills and the scenic White Mountains.

OVERVIEW

Fully rented (All are Tenants at will) with long term commercial and residential tenants. There are 3 residential apartments. Merrimac has long had a strong demand for rentals. Additionally, there are 3 street level commercial spaces. Each unit is separately metered for utilities. This mixed use building in the village of Merrimac is located 1 mile to Hwy 495, with access to points north and south. Parking is on street and in an adjacent lot. Merrimac (Pentucket School District) recently built a new state of the art High School. Zoned VC, the property has the fewest restrictions regarding potential usages. Sq Ft laser measured floor not exact. . Buyer to fully perform their own due diligence re current/future use vs permitted uses. Offers to purchase must include Buyer signed attached mandated disclosures, proof of financing and a buyer signed copy of this listing. Please refer to Listing agent

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1856

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

VC

APN/PARCEL ID

MERR-000007-000001-000005

ASK ABOUT THIS PROPERTY

David LuomaGibson Sotheby's International RealtyMore Info
978-971-1225

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David LuomaGibson Sotheby's International RealtyMore Info
978-971-1225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.