316 Merrimac St

Triplex in Mt. Washington with great Value Add potential. The building consists of two 2 bedroom units, & one 1 bedroom unit. An Additional parcel (312) next door included for Off Street Parking & potential for future development! One unit is currently occupied & 2 units are vacant, making this a great opportunity for both investors and owner-occupants alike. The property offers backyard space, & covered patio/porch space for each unit, & additional Storage Room for management equipment or tenants. Gas & Electric are separate & paid by tenants, Landlord pays Water & Sewer. Each unit is equipped with its own Furnace and Water Heater. The property has a favorable history of low tenant turnover rates & short vacancy periods, making it a reliable source of income. Located in a strong rental market, off of a main road through Mt. Washington, providing easy access to local amenities, & main roadways (Rte 51).