55 Morris St, Everett, MA, 02149 | $1,149,000

OPEN HOUSES SAT 6/22 AND SUN 6/23, 11AM to 1PM. OFFERS DUE TUESDAY 6/25 BY 11am. Cash cow! Introducing this expansive multi-family house in Everett, featuring three individual units with a total of 9 bedrooms and 3 bathrooms! Each unit, located on its own floor, boasts hardwood floors, bay windows, and each with a full bathroom including a tub. There is also further potential with this property featuring a walk-up attic as a potential future expansion. The property also includes a driveway with tandem parking. Situated on a quiet side street, this home's excellent location situates it close to public transportation, supermarkets, area shopping, and great dining areas. Perfect turnkey rental investment as all units hold current leases, with Unit 1 until September 2024, Unit 2 until November 2024, and Unit 3 until October 2024.

Features

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School
  • Rooms: 18
  • Bedrooms: 9
  • Baths: 3 full
  • Units: 3
  • Year Built: 1890
  • Approx Sq. Feet: 4,022
  • Acreage: 0.06
  • Est. Taxes: $11,533
  • Lot Desc: Corner Lot
  • Appliances: Range, Refrigerator, Dishwasher
  • MLS#: 73254276
  • Website: https://www.raveis.com
    /prop/73254276/55morrisst_everett_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Rose Hall courtesy of Blue Ocean Realty, LLC

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NMLS Mortgage Loan Originator ID 81725

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55 Morris St, Everett, MA, 02149

$1,149,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $919,200 $919,200 $919,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.612% 6.433%
Monthly Tax Payment $961 $961 $961
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,437 $5,810 $7,881
Total Monthly Payment $6,523 $6,896 $8,967

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.