175 Hancock St Everett MA 02149 MLS #73073080

175 Hancock St
Everett, MA, 02149
$1,535,000
7 Beds
5 Baths
5,237 SqFt
0.21 Acres
$1,535,000
175 Hancock St
Everett, MA, 02149
175 Hancock Street, a 7% cap rate on current income, 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. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Wellington stations on the MBTA’s Orange Line.

Property Details

Price:
$1,535,000
MLS #:
73073080
Status:
Closed ((Jun 14, 2023))
Beds:
7
Baths:
5
Address:
175 Hancock St
Type:
Multi Family
Subtype:
5-9 Family
City:
Everett
Listed Date:
Jan 23, 2023
State:
MA
Finished Sq Ft:
5,237
ZIP:
02149
Lot Size:
9,121 sqft / 0.21 acres (approx)
Year Built:
1900

Schools

Interior

Appliances
Washer, Dryer, Gas Water Heater
Bathrooms
5 Full Bathrooms

Exterior

Community Features
Public Transportation
Parking Features
Off Street

Financial

Buyer Agent Compensation
1.75%
Net Operating Income
$102,655
Tax Year
2022
Taxes
$11,491
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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175 Hancock St
Everett, MA