NOT LISTED FOR SALE
12 Beds
6.5 Baths
5,436 Sq Ft
7,399 Sq Ft Lot

Last Sold January 11, 2023

Last sale price $1,700,000 $313 Per Sq Ft

4 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Balcony
  • Granite Flooring
  • Corner Lot
  • 3-minute walk to Norton Street Pocket Park

About This Home

As of January 2023

7.6 CAP RATE! - RARE UPDATED 6-UNIT MULTI-FAMILY!! Fully de-leaded and renovated, with 6 individual laundry / storage rooms & common area w/ half bath on site! 7 off-street parking spaces! Hardwood floors, granite counter tops, custom cabinets and stainless steel appliances in all units! All units are currently occupied, 5 are TAW/ 1 Lease and some are currently rented below value with solid rental history. Unit owners are responsible for own utilities. Newer HVAC units for most units and each has it's own hot water system. All units have the same layout, fixtures, finishes and features! Great curb appeal building centrally located and close to schools, transportation, etc. One or two units will be available for showing and remainder to be shown after accepted offer to minimize disturbing tenants. This is a ONCE in lifetime investment opportunity or live rent-free! All offers must have strong pre-approval/proof of fund.

Last Agent to Sell the Property

Patricia Mavrides

William Raveis R.E. & Home Services Listed on: 09/29/2022

William Raveis R.E. & Home Services

Co-Listed By

Sebastian Mavrides

William Raveis R.E. & Home Services

Last Buyer's Agent

Duane Boyce

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,274

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 7,399 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Cleared Lot

Home Design

  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 5,436 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Storage

Kitchen

  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher

Flooring

  • Wood
  • Granite
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms

Laundry

  • Laundry Room
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 7 Car Parking Spaces
  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Balcony
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • 6 Cooling Zones
  • 6 Heating Zones
  • Heating Available
  • Separate Meters
  • 220 Volts
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $11,200
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 1300021

Community Details

Overview

  • 6 Units
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Operating Expense $28,190
  • Net Operating Income $106,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,274

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled, Unit 4 Remodeled
  • Year Built: 1920
  • Buyer Agency: 2.5
  • Transaction Broker: 1.00
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Tile,Hardwood,Other, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Amenities: Storage, Other (See Remarks), Unit 1(Lead Certification Available,Storage,Stone/Granite/Solid Counters,High Speed Internet Hookup,Upgraded Cabinets,Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Unknown), Unit 2(Lead Certification Available,Storage,Stone/Granite/Solid Counters,High Speed Internet Hookup,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Unknown), Unit 3(Lead Certification Available,Storage,Stone/Granite/Solid Counters,High Speed Internet Hookup,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower,Open Floor Plan), Unit 4(Lead Certification Available,Storage,Stone/Granite/Solid Counters,High Speed Internet Hookup,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower,Internet Available - Unknown), Unit 1 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen,Living RM/Dining RM Combo)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Unit 1(Microwave,Refrigerator - ENERGY STAR,Dishwasher - ENERGY STAR,Range - ENERGY STAR), Unit 2(Microwave,Refrigerator - ENERGY STAR,Dishwasher - ENERGY STAR,Range - ENERGY STAR), Unit 3(Microwave,Refrigerator - ENERGY STAR,Dishwasher - ENERGY STAR,Range - ENERGY STAR), Unit 4(Microwave,Refrigerator - ENERGY STAR,Dishwasher - ENERGY STAR,Range - ENERGY STAR), Gas Water Heater,Tankless Water Heater, Utility Connections for Electric Dryer
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 7
  • Total Bathrooms: 6.5
  • Laundry Features: Laundry Room, Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 3 Laundry Room, Unit 4 Laundry Room
  • Basement: Full, Partially Finished, Interior Entry, Bulkhead, Concrete
  • Living Area: 5436
  • Stories Total: 9
  • Window Features: Insulated Windows
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 294.32
  • PRICE PER Sq Ft: 312.73
  • MAIN SO: BB6013

Exterior Features

  • Exterior Features: Balcony, Rain Gutters, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Granite
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street, Common, Paved
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Dryer
  • Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air), Unit 4(Central Air)
  • Heating: Unit 1(Central Heat,Hot Water Baseboard,Gas), Unit 2(Central Heat,Hot Water Baseboard,Gas), Unit 3(Central Heat,Hot Water Baseboard,Gas), Unit 4(Central Heat,Hot Water Baseboard,Gas)
  • Cooling Y N: Yes
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 6

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Lot Info

  • Parcel Number: 1300021
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Cleared
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7399
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9274.11
  • Tax Book Number: 0

Multi Family

  • Gross Income: 134400
  • Net Operating Income: 106210
  • Number Of Units Total: 6
  • Operating Expense: 28190
  • Total Actual Rent: 11200
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • COOLING UNITS: 6
  • LEVELS 4: 2
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $1,700,000 +6.3% $313 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
09/29/2022 09/29/22 For Sale $1,599,900 -- $294 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73042665

MLS Property Information Network (MLS PIN)

APN: DORC W:15 P:02076 S:000