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175 Hancock St.

Everett, MA 02149
  • $1,595,000
  • STATUS: Under Agreement
  • MLS #: 72966887
Pending
$1,595,000
  • 9
    BEDS
  • 0.21
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 5,237
    SQFT
  • $305
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of John Pentore of Horvath & Tremblay.

Description

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 MBTAs Orange Line. 6.18% CAP on Current Income. Upside in Rents.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-28T00:08:41.603.
www.revrealtyma.com/homes/127709132
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175 Hancock St. Everett, MA 02149

  • Price: $1,595,000
  • Status: Under Agreement
  • On Site: Days
  • MLS #: 72966887
9
Beds
5
Baths
0
½ Baths
0.21
Acres
5,237
SQFT
$305
$/SQFT
1900
Built
Neighborhood:
Other
County:
Middlesex
Area:
Other
Property Description
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 MBTAs Orange Line. 6.18% CAP on Current Income. Upside in Rents.
Exterior Features

Beachfront No Construction Frame Exterior Vinyl Foundation Fieldstone Lot Description Corner Parking Spaces 5 Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

Interior Features

Basement Yes Bedrooms Unit1 2 Bedrooms Unit2 1 Bedrooms Unit3 1 Bedrooms Unit4 1 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 19 Rooms Common Laundry Rooms Unit1 4 Rooms Unit2 3 Rooms Unit3 3 Rooms Unit4 3

Property Features

Apod Available No Assessments 1109200.00 Disclosure No Gross Operating Income 128400 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lease Unit4 Y Lender Owned No Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 98581 Rent Unit1 1950 Rent Unit2 1950 Rent Unit3 1600 Rent Unit4 1600 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2022 Taxes 11491.00 Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning Dd

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of John Pentore of Horvath & Tremblay.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-28T00:08:41.603.
 
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Revolution Realty
90 Canal Street, 4th Floor
Boston MA, 02114
Listing courtesy of John Pentore of Horvath & Tremblay.