NOT LISTED FOR SALE
12 Beds
6 Baths
5,292 Sq Ft
9,626 Sq Ft Lot Lot

Sale Details

Date Sold: May 20, 2024

Last sale price $1,325,000 $250 Per Sq Ft

13 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

This well-maintained 6-unit property consists of six spacious 2-bedroom/1-bathroom units, totaling 5,292 sq ft of living space. Notably, all units are separately metered for heat, hot water, electricity, and air conditioning. Five of the six units have undergone extensive renovations, featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. The property boasts a large parking lot accommodating more than 10 cars comfortably. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,000 monthly. The unrenovated unit currently earns well below market rent, and the lease is currently tenant-at-will, allowing for the efficient transition to market rent. Centrally located, it's within a short drive of WPI, Assumption University, and all downtown amenities. Additionally, it's within walking distance from UMass Memorial Hahnemann Family Medical Center. Listed at a 7.74% cap rate.

Last Agent to Sell the Property

Ethan Lazar

Horvath & Tremblay Listed on: 03/20/2024

Co-Listed By

John Pentore

Horvath & Tremblay

Last Buyer's Agent

Dan DiRoberto

The DiRoberto Group Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,551

Year Built

  • Built in 1920

Lot Details

  • 9,626

Home Design

  • Stone Foundation

Interior Spaces

  • 5,292 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • 12 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Additional Features

  • 9,626 Sq Ft Lot
  • Property is near public transit and schools
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $10,000
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 1770871

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services

Building Details

  • Electric Expense $660
  • Insurance Expense $4,600
  • Water Sewer Expense $2,697
  • Operating Expense $23,507
  • Net Operating Income $92,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,551

Year Built

Built in 1920

Lot Details

9,626 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1920
  • Buyer Agency Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • Living Area: 5292
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN2723
  • MAIN SO: AN8053

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Central
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Medical Facility, Highway Access, Public School, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2697

Lot Info

  • Parcel Number: 1770871
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9626
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9551

Multi Family

  • Electric Expense: 660
  • Insurance Expense: 4600
  • Net Operating Income: 92868
  • Number Of Units Total: 6
  • Operating Expense: 23507
  • Total Actual Rent: 10000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2
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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 List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $1,325,000 +10.4% $250 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,200,000 -- $227 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,605 $804,000 $133,900 $670,100
2024 $9,551 $694,600 $133,900 $560,700
2023 $10,460 $729,400 $76,600 $652,800
2022 $9,707 $638,200 $67,000 $571,200
2021 $6,103 $374,900 $59,200 $315,700
2020 $4,894 $287,900 $14,100 $273,800
2019 $4,936 $274,200 $13,500 $260,700
2018 $5,038 $266,400 $13,500 $252,900
2017 $5,120 $266,400 $13,500 $252,900
2016 $5,425 $263,200 $43,200 $220,000
2015 $5,192 $258,700 $38,700 $220,000
2014 $5,055 $258,700 $38,700 $220,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73214734

MLS Property Information Network (MLS PIN)
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