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7-17 School St 6 Unit Apartment Building $850,000 ($141,667/Unit) Merrimac, MA 01860
Investment Highlights
- Mixed use property located in Historic village central.
- Approximately 45 minutes to downtown Boston via I-495/ I-93 for work, dining, and cultural attractions.
- Easy access to hiking and skiing in the southern New Hampshire hills and the scenic White Mountains.
- Nestled in the Merrimack Valley with convenient routes to Boston, seacoast, and the White Mountains.
- Just 10?20 minutes to North Shore beaches and the waterfront shops and restaurants of Newburyport.
Executive Summary
Fully rented (All are Tenants at will) with long term commercial and residential tenants. There are 3 residential apartments. Merrimac has long had a strong demand for rentals. Additionally, there are 3 street level commercial spaces. Each unit is separately metered for utilities. This mixed use building in the village of Merrimac is located 1 mile to Hwy 495, with access to points north and south. Parking is on street and in an adjacent lot. Merrimac (Pentucket School District) recently built a new state of the art High School. Zoned VC, the property has the fewest restrictions regarding potential usages.
Sq Ft laser measured floor not exact. . Buyer to fully perform their own due diligence re current/future use vs permitted uses.
Any offer to purchase must have buyer signed disclosures. Please refer to Listing agent
Sq Ft laser measured floor not exact. . Buyer to fully perform their own due diligence re current/future use vs permitted uses.
Any offer to purchase must have buyer signed disclosures. Please refer to Listing agent
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $141,667 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,459 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1856 |
| Apartment Style | Low-Rise | ||
| Zoning | VC - Designates downtown for a mix of residential and commercial uses. Maintain a walkable, historic and vibrant town center | ||
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,459 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1856 |
| Zoning | VC - Designates downtown for a mix of residential and commercial uses. Maintain a walkable, historic and vibrant town center |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | MERR-000007-000001-000005 | Improvements Assessment | $212,800 |
| Land Assessment | $186,400 | Total Assessment | $399,200 |
Property Taxes
Parcel Number
MERR-000007-000001-000005
Land Assessment
$186,400
Improvements Assessment
$212,800
Total Assessment
$399,200
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7-17 School St
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