$350,000
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5 Wallace St #5 Methuen, MA 01844
Key Details
Sold Price $350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73116632
Sold Date 07/28/23
Year Built 1985
Annual Tax Amount $3,321
Tax Year 2023
Property Description
Great investment opportunity for sale. Fresh 3 year NNN lease starting at $19 PSF with 3% annual bumps. 9.34% Cap rate. Priced to sell. Property was renovated in 2021. Hot water heater, HVAC systems were replaced in 2021. Exterior, parking lot and roof professionally managed by the association. Association fee is bi-annually and due in July and December. SF includes finished basement. NNN is $2.65 paid by tenant.
Location
State MA
County Essex
Zoning RD
Direction Merrimack St to Wallace St
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Shingle
Total Parking Spaces 10
Others
Senior Community false
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Bought with Zhuoming Sun • Realty ONE Group Nest