Sold

23 Prince St, Danvers, MA

Danvers · MA 01923

$10,000,000
Price
66
Beds
33
Baths
41680
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1997
Units: 22 Units
Lot size: 11.91 Acres Lot
Price per square foot: $228 / Sq.Ft
Parking: 46 Off Street Spaces

About this home

Spring Meadows Apartments consists of 3 buildings and contains a total of 22 units, comprised entirely of 3+Bedroom/1.5-Bathroom direct entry townhouse units. The Property has been well-maintained by current ownership and features ample off-street parking with 46 spaces and separate utilities with HVAC systems throughout and laundry hookups in each unit. Large units (approximately 2,000 square feet) offer spacious layouts with finished walkout basements and many units have been renovated with granite countertops and stainless-steel appliances. The Property offers upside through programmatic upgrades to the unrenovated units and by implementing additional improvements to modernize finishes and fixtures in the renovated units. Spring Meadows offers the opportunity to acquire a well-maintained investment property with upside in a desirable North Shore location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns.

Neighborhood & Transit

23 Prince St, Danvers · MA 01923

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
504 days
Listing Price:
$9,500,000
Price per Sq.Ft:
$228
Tax Assessment:
$6,226,800 in 25
Taxes:
$5,703 / Monthly

Home Facts

Interior Features

Bedrooms
66
Full Bathrooms
22
Half Bathrooms
22
Living Area
41,680 Sq.Ft (Includes Basement)
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
31260
Flooring
Unknown
Lead paint
None

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Individually Metered

Exterior Features

Lot Size
518,799 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
46 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Kelleher - Pentore Team
Listing office
Horvath & Tremblay
MLS PIN #
73391932
Disclosure
Total Monthly Rent is $69,420, $32,767 is the maximum input allowed by MLS. Total number of rooms is 132, 99 is the maximum input allowed by MLS.