NOT LISTED FOR SALE
10 Beds
6 Baths
5,880 Sq Ft
8,851 Sq Ft Lot

Last Sold August 23, 2022

Last sale price $760,000 $129 Per Sq Ft

Highlights

  • Property is near public transit
  • Community Pool
  • Shops
  • Corner Lot
  • Park
  • Coin Laundry

About This Home

As of August 2022

**OPEN HOUSE CANCELED** INVESTORS, take notice! Well-maintained 5-family property has TONS to offer; a 2-year-old roof, new gutters installed in 2022, updated electrical, new toilets, and a brand new stove in Unit 5. Below market rents leave room for improvement to increase cash flow as well as the potential to utilize the basement for a 6th unit and increase monthly income. Coin-op laundry generates approximately $300 a month. The building has been fully de-leaded (certificates are attached). Amazing location less than 2 miles from Polar Park and easy access to numerous commuter routes 290, Rt 146, and Rt 20. Situated on a corner lot with 10 off-street parking spaces and a fenced-in yard. Take advantage of this LOW MAINTENANCE, TURNKEY investment opportunity!

Last Agent to Sell the Property

James Black

Real Broker MA, LLC Listed on: 07/05/2022

Real Broker MA, LLC

Co-Listed By

Richard Jenkins

Real Broker MA, LLC

Last Buyer's Agent

James Black

Real Broker MA, LLC Listed on: 07/05/2022

Real Broker MA, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,340

Year Built

  • Built in 1965

Lot Details

  • 8,851 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,880 Sq Ft Home
  • Block Basement Construction

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 10 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 5 Heating Zones
  • No Heating
  • Separate Meters
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $4,750
  • Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water hot water), unit 4(water)
  • Assessor Parcel Number M:18 B:008 L:30+31,1780255

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Community Pool
  • Park

Building Details

  • Electric Expense $3,600
  • Water Sewer Expense $4,200
  • Operating Expense $7,800
  • Net Operating Income $49,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,340

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Side by Side
  • Year Built: 1965
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 2.5
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 14

Interior Features

  • Flooring: Varies Per Unit
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 3(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Total Bedrooms: 10
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Concrete
  • Living Area: 5880
  • Stories Total: 14
  • MAIN LO: AC0342
  • LIST PRICE PER Sq Ft: 127.53
  • PRICE PER Sq Ft: 129.25
  • MAIN SO: AC0342

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: Unit 1(None)
  • Heating: Electric Baseboard,None, Unit 1(Electric), Unit 2(Electric Baseboard), Unit 3(Electric Baseboard), Unit 4(Electric)
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: No
  • Water Source: Public
  • HEAT ZONES: 5
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Laundromat, Highway Access, House of Worship, Private School, Public School
  • Rent Includes: Unit 1(Water,Hot Water), Unit 2(Water,Hot Water), Unit 3(Water,Hot Water), Unit 4(Water)

Fee Information

  • Water Sewer Expenses: 4200

Lot Info

  • Parcel Number: M:18 B:008 L:30+31,1780255
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8851
  • Lot Size Units: Acres
  • PAGE: 86
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9340
  • Tax Book Number: 63601

Multi Family

  • Electric Expense: 3600
  • Gross Income: 57000
  • Net Operating Income: 49200
  • Number Of Units Total: 5
  • Operating Expense: 7800
  • Total Actual Rent: 4750
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 3
  • LEVELS 2: 2
  • LEVELS 3: 2
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 4
  • FLRS 3: 2
  • 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
08/23/2022 08/23/22 Sold $760,000 +1.3% $129 / Sq Ft
07/15/2022 07/15/22 Off Market $749,900 -- --
07/06/2022 07/06/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $749,900 +5.6% $128 / Sq Ft
10/28/2020 10/28/20 Sold $710,000 +1.4% $120 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
09/15/2020 09/15/20 For Sale $699,900 -- $118 / 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: 73006807

MLS Property Information Network (MLS PIN)