$950,000 163 Hamilton Street Saugus, MA

MLS: 71714947   Type: Multi-Family   County: Essex   City: Saugus   Zip: 01906   Style: 5+ Family - Rooming House   # Rooms: 88    Taxes: $1

Mortgage $4,460 /mo



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The property is a former Nursing home situated on a 2.5 Acre parcel of land perfect for an addition or another structure on the property. The property is perched on a hill with it's own private roadway, there is plenty of parking for 20+ cars. The facility is currently being used as a sober house, however the new owner could change it to be an apartment building. Or even a nursing home again The tenants are on a tenant at will basis. This is a very large building for the money and many more apartments could be added to make this a substantial income property for a new owner!

Elementary School

Middle School

High School

Distance: 4.4 Miles
Distance: 1.05 Miles
Distance: 1.42 Miles

Price History

7/16/2015 Listed $1,000,000
4/30/2016 5% - $950,000

Construction Material Brick
Electrical Equipment/Features 110 Volts
Energy Features Insulated Doors
Levels 6
State Massachusetts
Total Fireplaces 0
Unit 1 Rent 7800
Unit 2 Rent 7800

Interior Features

Basement Features Full
Bedrooms (1) 6
Bedrooms (2) 7
Fireplaces 0
Flooring Concrete
Hot Water Oil
Total Number of Units 13

Exterior Features

Exterior Wood, Brick
Exterior Features Porch
Foundation Poured Concrete
Garage Spaces 0
House Color Brick
Roof Asphalt/Fiberglass Shingles

Property Schools

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Gallery (11 photos)

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Property vs Zip Code Avg (01906)

Price 950K Avg 759K

Sqr Feet 20,000 Avg 11,087

Cost / Sqr Ft $48 Avg $69

Taxes $1 Avg $1,597

Acres 2.5 Avg 1.3

Visits 36 Avg 19

Days on Site 919 Avg 501

Walkscore® 34 Avg 33

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Listing Provided Courtesy Of: Tobias Vieira with Regents New England.

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Location & Address

eXp Realty Massachusetts
190 Haverhill St, #336
Methuen, MA