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.
Properties
Property Description
Features
: Full, Partially Finished
: Off Street
: Public Sewer
: Public
: Research & Are Relying Solely On The Results Thereof., Offers Are Due By Monday, 6/2, At 3pm And Should Be Emailed As One Single Pdf. Please Allow 24 Hours For A Response., 6 Of The Rear House Rooms Currently Available And Vacant. Current Rent Roll Is $6475
: Individually Metered
: No
: Unit 1(water), Unit 2(water)
Additional Information
46
25
Active
$228
R2
22
$9,500,000
: Yes
No
New
Address Map
Danvers
Massachusetts
Essex
01923
W71° 2' 12.5''
N42° 33' 41.5''
66 Bedrooms
33 Bathrooms
518,799 Sqft
$9,500,000
Listing ID #73391932
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Price : $9,500,000
Bedrooms : 66
Rooms : 99
Bathrooms : 33
Half Bathrooms : 22
Square Footage : 518,799 Sqft
Year Built : 1997
Lot Area : 11.91 Acre
Listing ID : 73391932
BathroomsFull : 22
