90-92 East St Methuen — Photo 1 of 42
$950,000
Investment Analysis — 90-92 East St
Methuen, MA 01844
Based on rent reported on the MLS listing, a 2-unit multi-family in 01844 carries $1,900/mo in gross rent — about a 0.98% cap rate and $9,272/yr in estimated NOI at the $950,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
3,391
Style
Multi Family
Built
1956
Live smart! This truly UNIQUE CONTEMPORARY RANCH style two family property is LARGE AND BEAUTIFUL and has the feeling of a single-family home on one side with a RENTAL UNIT ATTACHED. This lovely, UPDATED home features a huge CABINET PACKED EAT-IN KITCHEN suitable for large gatherings. CERAMIC TILE flooring, GRANITE breakfast bar, STAINLESS APPLIANCES and CATHEDRAL CEILING opens to a bright and sunny living room/dining room combo with CENTER FIREPLACE and HARDWOOD FLOORING. The PRIMARY BEDROOM HAS TWO CLOSETS, and a second bedroom could double as a home office. LARGE FULL BATH WITH DOUBLE VANITYPLUS A 3/4 BATH on the main living level. The lower level has an additional room, currently being used as a bedroom, and a finished EXERCISE ROOM, plus a laundry area. TWO CAR GARAGE under with door opener. The FABULOUS SCREENED PORCH overlooks a PROFESSIONALLY LANDSCAPED NEARLY 1/2 ACRE yard with firepit. Plus, what could be better than a RENTAL INCOME from a highly sought after 2 BEDROOM APARTMENT? This unit is TOTALLY PRIVATE with its OWN DRIVEWAY AND ENTRANCE. Two bedrooms, a REMODELED KITCHEN, a full BATH AND A HALF bath and a basement level with washer and dryer hookup. Current tenant has a lease and pays $1,900 per month plus utilities. SEPERATE UTILITIES with 2 gas furnaces and 2 gas hot water heaters. CITY WATER AND SEWER. Solar panels are leased.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Ann Conlin
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73569028