See Home Value
$722,000
● Multifamily - Off Market

55 Forest Ave

Everett, MA 02149
bedrooms
5 Beds
bathrooms
5 Baths
square feet
2,551 Ft²
$1,041,529
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

This property is a tremendous opportunity for an investor. There are five units: each unit includes one bedroom, living room,kitchen and full bathroom. There are 5 separate electric meters and one common area electric meter. Four units are vacant. Unit # 5 is rented. Current rent for the third floor unit (unit # 5) is well below market rate and its tenant has consistently paid rent. The property has a private driveway for five cars and is in a perfect location with easy access to the Encore Casino, highway, local park, hospital, and schools. With the ongoing development of the Encore Casino and resort project, the demand for housing in Everett is plentiful. A majority of the units are freshly painted and newly carpeted. Potential for condo conversion. Can't miss an excellent investment opportunity!
Unit Size
2,551 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$286
Property Type
Multifamily
Property Taxes
$535
HOA Dues
-
Year Built
1920

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Last updated: 5 years ago (MLSPIN #72511861)

Price History

Date / Event Date Event Price
Jun 28, 2019 Sold
Sold
Jun 4, 2019 Listed by Realty Premiere $729,900
Listed by Realty Premiere
May 1, 1998 Sold
Sold

Property Highlights

Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 5
Appliances: Gas Water Heater
Flooring Type: Tile, Carpet
Rooms: 10
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 5-9 Family
Stories (Total): 9
Building Area Units: Square Feet
Lead Paint: Certified Treated
Lot Features: Other
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Zoning: DD
Parcel Number: M:E0 B:01 L:000099, 480857
Water Source: Public
Financial Details
Tax Assessed Value: $518,400
Tax Annual Amount: $6,418
Utilities Details
Cooling Type: None
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20190604
06/04/2019
5 Bed
5 Bath
2551 ft²
$729,900
bedrooms
5 Bed
bathrooms
5 Bath
square feet
2551 ft²
$722,000 -1.08%
06/28/2019
Mingfei Zheng
Realty Premiere

Building Info

55 Forest Avenue 55 Forest Avenue, Everett, MA 02149
More about this Building
55 Forest Avenue
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