-- Motivated Seller -- Attention Investors! Magnolia Manor is a fully licensed 10 unit rooming house, with two major opportunities to add value or âforce equityâ. The first is with possible expansion potential in the attic, the large unfinished space has great ceiling height and is quite large. The second is to increase the rents! Current long term tenants provide great cash flow, and there is still room to grow. Rent currently averages over $7,000 per month. This multi unit dwelling still features much of the original charm it was constructed with including: built-in benches, large stained glass windows, a huge front porch and traditional hardwood floors. Magnolia Manor is conveniently located on bus route, near local dining options and the Methuen line. With over 4,000 sq/ft (sans the attic) and a MF zoning code you may have some conversion options to explore here. Take advantage of this tremendous opportunity and add some more passive income to your portfolio.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
