Question: How can anyone afford a home in this market? Answer: By investing in yourself and having your tenants pay your mortgage! You and your tenants will love that this property is situated on a double lot, giving it much-desired outside space tenants typically won't find in a rental. Each unit has a private deck to enjoy morning coffee. Conveniently located close to shopping and highways. This building is a great investment for anyone looking to generate income from rental properties. It's also a great option for first-time investors with its history of positive income flow.
Sale Statistics
Sale Overview
Original List Price:$739,000
Final Sale Price:$807,000
Difference:
+$68,000 (+9.2%)
Performance Metrics
109.2%
List to Sale Ratio
Sold above asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$169
Sale $/sq ft:$185
This property sold for $185 per square foot
Sale Summary
This property sold for 9.2% above the original asking price, indicating strong buyer demand.
With only 2 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
3 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
4,371 sq ft
Total Rooms
19
Stories
4
Levels
4
Interior Features
Flooring
Wood, Vinyl, Carpet
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator
Interior Features
Ceiling Fan(s), Living Room, Kitchen, Laundry Room, Family Room
Basement Details
Full
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Balcony/Deck
Patio/Porch Features
Deck
Fencing
Fenced
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.28 acres
Lot Size
12,001 sq ft
Lot Size Area
0.2800
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Shopping
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,853
Tax Year
2023
Tax Assessed Value
$671,200
Parcel Number
M:00714 B:00016 L:00024,2043639
Zoning
RG
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Total rent is reflective of all units occupied. Unit 2 is currently vacant. Unit 1 is TAW, Unit 3 has lease until 12/2024. All utilities cannot be guaranteed to be completely separate
Location
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Neighborhood
146 Camden St, Methuen MA 01844
Methuen, MA 01844
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$654
Homeowners Insurance$200
PMI$0
Property History
Market Insights
8.4%
Price Range
4
Total Days on Market
Property Timeline
✓
Sold
Nov 30, 2023
$807,000
Property sold
Days on Market: 4
🏠
Listed for Sale
Sep 18, 2023
$739,000
Original listing
Agent: Tara Donahue ScottOffice: Keller Williams Realty Evolution
