NOT LISTED FOR SALE

21 Adams Ave Groton, MA 01450

12 Beds
12 Baths
7,526 Sq Ft
1.47 Acres

Last Sold July 13, 2022

Last sale price $1,800,000 $239 Per Sq Ft

8 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Community Pool
  • Groton Dunstable Regional High School Rated A
  • Property is near public transit
  • Tennis Courts

About This Home

As of July 2022

A truly rare investment opportunity in downtown Groton. 12 unit multi-family property in fantastic condition located in quiet neighborhood with an easy walk to town center. Town water/town sewer and brick front. Plenty of off street parking for the tenants plus guest parking. Update the units for an even stronger cap rate or leave the units as they are and enjoy the high returns of Groton rental rates. All units have long term tenants are rented WELL BELOW the market rate. All 12 units have 3 rooms - kitchen/dining space, living room, one separate bedroom, and full bath. This prime location offers walkability to library, park, rail trail, restaurants, coffee shops, conservation trails, you name it! All tenants are TAW w/30 day notice. Please review all attachments. This easy to maintain investment property is not to be missed! Group Showings - Thursday 5/19 12 PM - 1 PM, Sat 5/21 10:30 AM - 12 PM, Tue 5/24 5 PM - 7 PM. Seller will begin reviewing offers Wed 5/25

Last Agent to Sell the Property

Ryan Kiley

Compass Listed on: 05/17/2022

Compass

Co-Listed By

Rachel Brock

Compass

Last Buyer's Agent

Amber Martin

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,339

Year Built

  • Built in 1961

Lot Details

  • 1.47 Acre Lot
  • Near Conservation Area
  • Level Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,526 Sq Ft Home
  • Insulated Windows

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Parking

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

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Flor Ro Elementary School
  • GDMS Middle School
  • Gdrhs High School

Utilities

  • Cooling Available
  • 12 Cooling Zones
  • 12 Heating Zones
  • Heating Available
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $9,650
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number 4303789

Community Details

Overview

  • 12 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $902
  • Insurance Expense $6,425
  • Water Sewer Expense $8,981
  • Operating Expense $60,623
  • Net Operating Income $55,002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,339

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1961
  • Buyer Agency: 2% NSP
  • Buyer Agency Type: %
  • Transaction Broker: 2% NSP
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl,Carpet, Unit 1(undefined)
  • Interior Amenities: Unit 1(Pantry,Bathroom With Tub & Shower,Open Floor Plan), Unit 2(Pantry,Bathroom With Tub & Shower,Open Floor Plan), Unit 3(Pantry,Bathroom With Tub & Shower,Open Floor Plan), Unit 4(Pantry,Bathroom With Tub & Shower,Open Floor Plan), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen,Living RM/Dining RM Combo)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Vent Hood), Unit 2(Range,Refrigerator,Vent Hood), Unit 3(Range,Refrigerator,Vent Hood), Unit 4(Range,Refrigerator,Vent Hood), Oil Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 12
  • Full Bathrooms: 12
  • Total Bathrooms: 12
  • Total Bathrooms: 12
  • Living Area: 7526
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 239.17
  • PRICE PER Sq Ft: 239.17
  • MAIN SO: AN2314

Exterior Features

  • 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: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Unit 1(Wall AC), Unit 2(Wall AC), Unit 3(Wall AC), Unit 4(Wall AC)
  • Heating: Unit 1(Hot Water Baseboard,Oil), Unit 2(Hot Water Baseboard,Oil), Unit 3(Hot Water Baseboard,Oil), Unit 4(Hot Water Baseboard,Oil)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 12
  • COOLING ZONES: 12

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 8981

Lot Info

  • Parcel Number: 4303789
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 1.47
  • Lot Size Area: 1.47
  • Lot Size Sq Ft: 64033
  • Lot Size Units: Acres
  • PAGE: 146

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14339
  • Tax Book Number: 40917

Multi Family

  • Electric Expense: 902
  • Gross Income: 115800
  • Insurance Expense: 6425
  • Net Operating Income: 55002
  • Number Of Units Total: 12
  • Operating Expense: 60623
  • Total Actual Rent: 9650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

MLS Schools

  • High School: Gdrhs
  • Elementary School: Flor Ro
  • Middle Or Junior School: Gdms

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
07/13/2022 07/13/22 Sold $1,800,000 0.0% $239 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $1,800,000 -- $239 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Kiley

    Seller's Agent in 2022

    Ryan Kiley

    Compass

    (978) 877-2439

    26 in this area

    68 Total Sales

    Section Image
  • Rachel Brock

    Seller Co-Listing Agent in 2022

    Rachel Brock

    Compass

    (617) 513-7984

    106 in this area

    183 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    Amber Martin

    Lamacchia Realty, Inc.

    (774) 813-7528

    1 in this area

    49 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72982822

MLS Property Information Network (MLS PIN)

Massachusetts Middlesex County Groton 01450

21 Adams Ave, Groton, MA

This home is located at 21 Adams Ave, Groton, MA 01450 since 17 May 2022. This property was built in 1961. 21 Adams Ave is a home located in Middlesex County with nearby schools including Groton Dunstable Regional High School, Groton Community School, and Pepperell Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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