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Listed by Zrg Zoeller Realty Group of Keller Williams Coastal Realty
Desirable 5 unit multi family with income of 6 units. Impressive 3 unit ranch building and 2-3 unit two story building on one oversized fenced in lot, with high cash flow, two drive ways with one to each building, plenty of paved parking, spacious yard. Brand new COCs; 557 valid through 3/26/2023 and 559 valid through 8/26/2023! Ranch building: 3- 1 bedroom units with own individual basements. Two story farm building: 3 bedroom unit (second floor), 3 bedroom unit first floor, 2 bedroom unit lock off (in-law) attached to backside of first floor. This unit would also serve well as a massive first floor home owner occupied unit. Gross Income: $89,040. Expenses: $20,490. Current NOI: $68,550. Some rents are below market values. Potential development opportunity per zoning- all potential plans to be presented, verified and approved by the city on behalf of purchaser: 5 condos. Demo ranch building building 3 - 3 bed townhouses there on same footprint (or taking roof off and going up) And condo farm house to an upper and lower unit, making for an oversized first floor and living close to Bedford line with a large yard and ample parking. If you are currently displaying ANY symptoms of illness or if you are not feeling well, PLEASE stay home. Reach out to us via phone or email and we will happily accommodate a virtual showing for you. We appreciate your cooperation and understanding!

Property Details of 557-559 South Main Street

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 23, 2020.

 

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