Seller's Agent in 2021
Matt McLennan
Century 21 McLennan & Company
(978) 660-3135
158 Total Sales
126 Main St Andover, MA 01810
31
Beds
27.5
Baths
17,500
Sq Ft
1.15
Acres
Highlights
- Property is near public transit
- Corner Lot
- Park
- Bancroft Elementary School Rated A-
- Patio
- Shops
About This Home
As of November 2021This iconic corner, just 1 block from Phillips Academy and downtown, can now be the crown jewel in your investment portfolio. Available for the 1st time in 75 years, this package consists of 126 Main St, 130 Main St, and 16 Morton St, 3 buildings totaling 27 rental units, plus 5 garages. There are 4 two bedroom units, 5 studios, and 18 one bedroom units. All gas boilers were replaced in 2019, heat is included in the rent. All roofs are in great shape. 15 units have been renovated down to studs in the last 5 years. Basements are IMMACULATE. The grounds are lush, and pristine. Roughly 30 spots for parking plus ample room to expand. All rents are well below market rate. All occupants are tenant at will. Seller will review offers on Sept 10.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $52,978
Year Built
- Built in 1900
Lot Details
- 1.15 Acre Lot
- Corner Lot
- Level Lot
Parking
- 5 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 17,500 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 31 Bedrooms
Outdoor Features
- Patio
Location
- Property is near public transit
- Property is near schools
Utilities
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $24,850
Community Details
Recreation
- Park
Additional Features
- 27 Units
- Shops
- Net Operating Income $33,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2021 11/22/21 | Sold | $5,675,000 | +9.1% | $324 / Sq Ft |
| 09/14/2021 09/14/21 | Pending | -- | -- | -- |
| 09/01/2021 09/01/21 | For Sale | $5,200,000 | -- | $297 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72888792
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