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listing
1 of 14
MultifamilyFor Sale
$1,595,000
175 Hancock St.
Everett, MA 02149
Courtesy of Horvath & Tremblay - John Pentore
MLS Property Information Network
9Beds
5Baths
5,237Sq Ft
Est. Mortgage
$8,333/mo

175 Hancock Street is a three-story building containing five units consisting of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units in 5,237 square feet of living area in 8,078 square feet of total gross area on a large, 0.21-acre corner lot. Majority of units renovated and has off-street parking for up to 7 cars. Landlord is responsible for gas heat and hot water while the tenants are responsible for their own electricity. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. The property also offers investors the opportunity to increase rents through programmatic upgrades to the unrenovated units. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Welli1ngton stations on the MBTA’s Orange Line. 6.18% CAP on Current Income. Upside in Rents.

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Information courtesy of Horvath & Tremblay is subject to verification and is not guaranteed.
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