Spring Meadows Apartments consists of 3 buildings and contains a total of 22 units, comprised entirely of 3+Bedroom/1.5-Bathroom direct entry townhouse units. The Property has been well-maintained by current ownership and features ample off-street parking with 46 spaces and separate utilities with HVAC systems throughout and laundry hookups in each unit. Large units (approximately 2,000 square feet) offer spacious layouts with finished walkout basements and many units have been renovated with granite countertops and stainless-steel appliances. The Property offers upside through programmatic upgrades to the unrenovated units and by implementing additional improvements to modernize finishes and fixtures in the renovated units. Spring Meadows offers the opportunity to acquire a well-maintained investment property with upside in a desirable North Shore location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns.
- Basement:
- Full, Partially Finished
- Parking:
- Off Street
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- never occupied the property, and will provide a 1-yr home warranty. Listing agent has ownership interest. Unit building doesn't have elevator., Condo fee and taxes are estimated. Condo documents and final budget are still being finalized., Subject to obtaining license to sell. Retaining wall may be collapsing. Basement work was completed without necessary permits. Seller has not lived in home in several years. Exterior basement door is nonfunctional due to a broken deadbolt. Upstairs heat nonfunctional; seller to fix prior to closing., Need to climb stairs.
- Electric Feature:
- Individually Metered
- Garage Parking
- Lead Paint:
- No
- Rent Fee Includes:
- Unit 1(water), Unit 2(water)
- Market Time:
- 14
- Parking Spaces:
- 46
- Tax Year:
- 25
- Status:
- Closed
- Price Per Sqft:
- $240
- Zoning:
- R2
- No Units:
- 22
- Orig Price:
- $9,500,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Danvers
- State:
- MA
- County:
- Essex
- Postal Code:
- 01923
- Longitude:
- W71° 2' 12.5''
- Latitude:
- N42° 33' 41.5''
Residential Income
23 Prince St, Danvers, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $9,500,000
- Bedrooms :
- 66
- Rooms :
- 99
- Total Bathrooms :
- 33
- Full Bathrooms :
- 22
- Half Bathrooms :
- 22
- Square Footage :
- 41,680 Sqft
- Year Built :
- 1997
- Lot Area :
- 11.91 Acre
- Listing ID :
- 73391932
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
