NOT LISTED FOR SALE
-- Bed
-- Bath
14,920 Sq Ft
0.42 Acres

Last Sold December 07, 2023

Last sale price $3,200,000 $214 Per Sq Ft

8 Days on Market

About This Home

As of December 2023

The Properties are comprised of two co-located multi-family buildings and contain a total of thirty-two (32) units, consisting of twenty-three (23) studio units, three (3) 1-Bedroom/1-Bathroom units, three (3) 2-Bedroom/1-Bathroom units, and three (3) 3-Bedroom/1-Bathroom units. The Properties have been well maintained and include on-site laundry facilities and ample off-street parking in the rear of the buildings. The Properties also boast low-maintenance vinyl siding, and asphalt shingle and flat rubber roofs. The current rents are significantly below market. The opportunity exists to increase rents to market rates via programmatic updates to the units in a highly sought after and supply constrained urban infill residential market. The units in 14-20 Amory Street are separately metered for electricity and feature electric heat which the tenants pay directly. The landlord is responsible for hot water and domestic water and sewer. The units in 26-32 Amory Street are separately metered for electricity, and gas heat and hot water, which the tenants pay directly. The landlord is responsible domestic water and sewer.

Last Agent to Sell the Property

Will Peck

Horvath & Tremblay LLC License #074816 Listed on: 09/19/2023

Last Buyer's Agent

Will Peck

Horvath & Tremblay LLC License #074816 Listed on: 09/19/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.42 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 14,920 Sq Ft Home
  • 3-Story Property
  • Walk-Out Basement

Parking

  • Shared Driveway
  • Paved Parking

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Overview

  • 32 Units

Building Details

  • Operating Expense $140,195
  • Gross Income $419,760
  • Net Operating Income $279,565

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: 16-20 Amory is on the corner of Amory and Union. 26-32 Amory is on the corner of Amory and Temple.
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 214.48
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 20187
  • Sq Ft - Apx Total Finished: 14920
  • Year Built: 1920
  • Remarks Public: The Properties are comprised of two co-located multi-family buildings and contain a total of thirty-two (32) units, consisting of twenty-three (23) studio units, three (3) 1-Bedroom/1-Bathroom units, three (3) 2-Bedroom/1-Bathroom units, and three (3) 3-Bedroom/1-Bathroom units. The Properties have been well maintained and include on-site laundry facilities and ample off-street parking in the rear of the buildings. The Properties also boast low-maintenance vinyl siding, and asphalt shingle and flat rubber roofs. The current rents are significantly below market. The opportunity exists to increase rents to market rates via programmatic updates to the units in a highly sought after and supply constrained urban infill residential market. The units in 14-20 Amory Street are separately metered for electricity and feature electric heat which the tenants pay directly. The landlord is responsible for hot water and domestic water and sewer. The units in 26-32 Amory Street are separately metered for electricity, and gas heat and hot water, which the tenants pay directly. The landlord is responsible domestic water and sewer.
  • List Agent: 284283
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Sq Ft - Apx Finished AG: 14920
  • Sq Ft - Apx Unfinished BG: 5267

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Vinyl Siding
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Membrane, Shingle - Asphalt

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Heating Fuel: Electric, Gas - Natural
  • Heating: Electric, Gas Heater
  • Separate Utilities: Varies

Lot Info

  • Lot Sq Ft: 18295
  • Lot Acres: 0.42
  • Lot Description: Corner
  • Surveyed: Unknown
  • Zoning: GI
  • Deed Book: 8737
  • Deed Page: 2304
  • Deed Recorded Type: Foreclosure

Multi Family

  • Gross Income: 419760
  • Net Income: 279565
  • Total Units: 32
  • Total1 Bedroom Units: 26
  • Total2 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 3

Tax Info

  • Taxes TBD: Yes

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 List to Sale Price per Sq Ft
12/07/2023 12/07/23 Sold $3,200,000 -11.1% $214 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $3,600,000 -- $241 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4970583

PrimeMLS

APN: NASH M:38 L:00044