Property Listing No Longer Available for Sale

1-7 Pelham Street, Methuen, MA

Others for Sale - $799,900


Property Info

CIMLS#1093685
Location
  1-7 Pelham Street
  Methuen MA 01844
UpdatedAugust 5th, 2021
TypeOthers
Price$799,900

Property Description

Prime Location in Methuen's central business district, busy 5 corners, and right off of Rt 93! A rare package offering consisting of a residential 2 family, PLUS 2 commercial storefronts, on the same lot, abutting the very popular rail trail! All units are in great shape. The 1st floor of the 2 family has a bumped out master bedroom addition plus walk in closet, while the 2nd floor unit can be easily expanded into the walk up attic. 4 car on street parking in front on Pelham St, and plenty of parking behind the storefronts, PLUS additional parking can he created behind the 2 family. Commercial has HUGE, dry basement. Unit 1 can be a 3 or 4 bedroom, unit 2 can be a 2 or 3 bedroom. 1st floor pays $1850, 2nd floor at $1650 (is leaving), carpet store currently pays below market of $1000. Barber is owner, will remain, or relocate. Carpet store. was formerly restaurant, still has vent hood, grease trap, and fire prevention. MAY qualify for FHA as commercial is less than 50%.


Financials



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