8,10-14,18 - Church Street

Estimated Monthly Payment: $9,282/mo 8,10-14,18 - Church Street, Merrimac, MA 01860 MLS# 72611219 Commercial/Industrial Listing Status: Active
21,120 sqft
77
16
0
4

REMARKS:

Downtown Merrimac Value Add Mixed Use Property Mixed use property featuring 3 buildings; 9 apartments; 3 retail spaces; office space and storage space. 25+/- car parking lot. The property has great upside rental income potential as most Units are rented under today's market value. All tenants are under Tenant at Will Agreements, easy for an investor to add value quickly. Retail spaces have private baths. Expenses on the income statement are the 2019 actual owner expenses. Downtown Merrimac and convenient to Route 110 / Route 495 and area businesses. Possible potential for future additional apartments in the former Church building.

OVERVIEW:

Commercial/Industrial
Commercial
Active
1856
21120
0.75
3
21+ Spaces
21+ Spaces

FINANCIAL:

$1,650,000
$21,094
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Herrick Lutts Realty Partners, Keller Williams Realty

 

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