Seller's Agent in 2024
John Pentore
Horvath & Tremblay
(781) 484-8166
2-4 Mechanic St Newton Upper Falls, MA 02464
Newton Upper Falls Neighborhood
12
Beds
8
Baths
4,877
Sq Ft
4,530
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit
- Tennis Courts
- Countryside Elementary School Rated A
- Corner Lot
- Jogging Path
About This Home
As of March 20242-4 Mechanic Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 6.05% cap rate on current income with rental upside. 2-4 Mechanic Street is a two-story building with four (4), 3-Bedroom/2-Bathroom duplex style units. The building was comprehensively renovated in 2019 and each of the four duplex units features open layout with new kitchens featuring white custom cabinets, granite countertops, and stainless-steel appliances. The units also have hardwood floors, in-unit laundry, new individual HVAC heating systems. The exterior of the Property was alco renovated and has a new roof, new wood siding and new windows. Additionally, there are Four (4) parking spaces at the rear of the property which is accessed through 204-206 Elliot Street (Driveway Easement). The subject property is ideal for a potential buyer looking for income growth and strong investment returns.
Last Listed By
John Pentore
Horvath & Tremblay Listed on: 01/22/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,983
Year Built
- Built in 1850
Lot Details
- 4,530 Sq Ft Lot
- Near Conservation Area
- Corner Lot
Home Design
- 4,877 Sq Ft Home
- Stone Foundation
- Shingle Roof
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Central Heating and Cooling System
- Separate Meters
Listing and Financial Details
- Total Actual Rent $12,400
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number 693897
Community Details
Overview
- 4 Units
- Property has 2 Levels
Amenities
- Medical Services
- Shops
Recreation
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $30,876
- Net Operating Income $117,924
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2024 03/15/24 | Sold | $1,940,000 | -0.5% | $398 / Sq Ft |
| 02/02/2024 02/02/24 | Pending | -- | -- | -- |
| 01/22/2024 01/22/24 | For Sale | $1,950,000 | +156.9% | $400 / Sq Ft |
| 06/28/2013 06/28/13 | Sold | $759,000 | -5.0% | $173 / Sq Ft |
| 05/29/2013 05/29/13 | Pending | -- | -- | -- |
| 03/28/2013 03/28/13 | For Sale | $799,000 | -- | $182 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
J
Seller's Agent in 2013
Jack Foster
Centre Realty Group
(617) 699-3038
9 Total Sales
-
Mary Ann Figoni
Buyer's Agent in 2013
Mary Ann Figoni
Centre Realty Group
(781) 223-5151
27 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73195349
APN: NEWT S:51 B:031 L:0007
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