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 / $1,475,000
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%
Tax Year
2022
Taxes
$11,491
Map
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175 Hancock St
Everett, MA