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Key Details
Sold Price $3,800,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 12,528 sqft
Price per Sqft $303
MLS Listing ID 73269528
Sold Date 10/28/24
Bedrooms 29
Full Baths 17
Year Built 1970
Annual Tax Amount $34,602
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Description
303 Broadway is a three-story brick building containing 17 units comprised of (12) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. The Property also features storage in the basement for tenants, an on-site laundry facility, and parking for 17 vehicles. The Property is separately metered for electricity and gas fired heat (hot water baseboard) which the tenants pay, the Landlord pays for common area electric, hot water, and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
Location
State MA
County Essex
Zoning BD
Direction Please use GPS
Exterior
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School
Roof Type Shingle
Total Parking Spaces 17
Garage No
Building
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Stephen Girolamo • Horvath & Tremblay
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