39 Needham Rd

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39 Needham Rd

Danvers, MA 01923-3731
Asking Price
$1.20M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Rare Danvers Four-Family | Owner-Occupant or Value-Add Investment Opportunity <ul><li>​Four-family property with views overlooking the scenic Crane River.</li><li>​Three of four residential units are currently vacant, offering immediate occupancy or lease-up potential.</li><li>​Ideal for an owner-occupant to offset housing costs with rental income.</li><li>​Excellent value-add opportunity to lease vacant units at current market rental rates.</li><li>​Two separate garage bays provide additional tenant amenity or income potential.</li><li>​Strong long-term upside in a marke

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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