NOT LISTED FOR SALE
18 Beds
6 Baths
8,673 Sq Ft
4,792 Sq Ft Lot

Last Sold March 30, 2022

Last sale price $1,060,000 $122 Per Sq Ft

1 Day on Market

Highlights

  • Property is near public transit
  • Level Lot
  • 4-minute walk to South Common Park
  • Shops
  • Heating Available

About This Home

As of March 2022

Don't miss this unique 6 unit investment opportunity with great cash flow in an ideal commuting location .3 miles from commuter rail and .1 miles from highway. Significant updates made recently including new roof and all hot water tanks in 2019. Very spacious units each with a living room, kitchen, walk-in pantry, 3 large bedrooms, and a full bath. Building is vinyl sided, with mostly vinyl replacement windows. Separate heat and electric for each unit with utilities paid by tenants. Units are heated by gas, with gas space heater in LR. Sale includes 4 refrigerators & 5 gas ranges. Rents are well under published HUD fair market rents for 3 bedroom units in the city.

Last Agent to Sell the Property

Steve Leavey

Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 01/14/2022

Berkshire Hathaway HomeServices Commonwealth Real Estate

Last Buyer's Agent

Eric Dinicola

Winterspring Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,283

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • 8,673 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 6 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Location

  • Property is near public transit

Utilities

  • No Cooling
  • 6 Heating Zones
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $9,200
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:181 B:290 L:18,3190276

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops

Building Details

  • Electric Expense $500
  • Insurance Expense $3,000
  • Water Sewer Expense $8,000
  • Operating Expense $26,383
  • Net Operating Income $84,017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,283

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2.25
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker: 2.25
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 9

Interior Features

  • Flooring: Unit 1(undefined)
  • Interior Amenities: Unit 1(Ceiling Fans,Pantry), Unit 2(Ceiling Fans,Pantry), Unit 3(Ceiling Fans,Pantry), Unit 4(Ceiling Fans,Pantry), Unit 1 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 4 Rooms(Living Room,Kitchen,Other (See Remarks))
  • Fireplace YN: No
  • Appliances: Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 18
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Dirt Floor
  • Living Area: 8673
  • Stories Total: 9
  • MAIN LO: AN6527
  • LIST PRICE PER Sq Ft: 121.07
  • PRICE PER Sq Ft: 122.22
  • MAIN SO: BB5522

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Gas,Space Heater), Unit 2(Gas,Space Heater), Unit 3(Gas,Space Heater), Unit 4(Gas,Space Heater)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Fee Information

  • Water Sewer Expenses: 8000

Lot Info

  • Parcel Number: M:181 B:290 L:18,3190276
  • Zoning: M3001
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4791.6
  • Lot Size Units: Acres
  • LOT SIZE: 4945
  • PAGE: 209

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8283
  • Tax Book Number: 28917

Multi Family

  • Electric Expense: 500
  • Gross Income: 110400
  • Insurance Expense: 3000
  • Net Operating Income: 84017
  • Number Of Units Total: 6
  • Operating Expense: 26383
  • Total Actual Rent: 9200
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

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
03/30/2022 03/30/22 Sold $1,060,000 +1.0% $122 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $1,050,000 +158.0% $121 / Sq Ft
03/25/2015 03/25/15 Sold $407,000 -9.6% $47 / Sq Ft
02/23/2015 02/23/15 Pending -- -- --
11/25/2014 11/25/14 For Sale $450,000 -- $52 / 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: 72934030

MLS Property Information Network (MLS PIN)