197 Merrimack Avenue, Dracut, Massachusetts 01826

$795,000
5,490
SqFt

Listing Courtesy of : Nat Ambrosini ---- Dick Lepine Real Estate, Inc. 9578200

List Price
$795,000
Status
ACTIVE
MLS#
73022770
Living Area
5,490
Lot Size (Acres)
0.68
Year Built
1947

Property Description

Magnificent Mixed Use Investment property for a knowledgeable entrepreneur. This property consists of two commercial units on the first level and two apartments with renovations on the second level in a great area. The owner has just installed a new roof with 25-year warranty, complete sprinkler system in all four units. Apartments have new lighting, stoves, refrigerators, heavy laminate flooring, updated toilets, vinyl windows, and new high efficiency heat and cooling wall units. This property also overlooks the picturesque Merrimack River, has potential for adding a boat ramp, and parking for 20+ cars. Rents are: Café $1,800/mo. (2yr. lease), Store $1,800/mo. (5yr. option), Residential unit 3 currently vacant with projected rent to be $1,800/mo., Residential unit 4 $1,500/mo. (TAW).

Additional Information

Taxes
$5,447
Parking Spaces
20
Buyer Agency Compensation
2.0%
Other Agent Compensation
2.0%
Compensation Based On
Net Sale Price
Sub Agency Offered
No

Mortgage Calculator

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Calculator source: Real Geeks