NOT LISTED FOR SALE
6 Beds
6 Baths
4,480 Sq Ft
8,712 Sq Ft Lot

Last Sold June 01, 2018

Last sale price $552,500 $123 Per Sq Ft

213 Days on Market

Highlights

  • Health Club
  • Medical Services
  • Park
  • Golf Course Community
  • Property is near public transit
  • Public Transportation

About This Home

As of June 2018

Earn nearly $50,000 per year, after expenses on this 6 UNIT, multi-family. BRICK building is a great investment opportunity with a cap rate of 8.79% at CURRENT asking price. Rents are low for this area. Units feature, 1 Large Bedroom, Large LR/DR, Kitchen and Full Bath w/several closets. 6 SEPARATE meters in meter room, owner/property manager/maintenance room in rear of building. All units are in good condition, most updated within last 2 years. Potential gross income of $79,200 annually. Local market pricing on 3 room, 1 BR units on the same street, lease for $1100 per month, which could produce a CAP rate of 11.3% if you turn over tenants. Roof done in 2008 (Just 9 yrs ago), parking lot for 8 cars. ONE Vacancy on first floor space. That unit now has new carpeting and is ready to lease out. Great property for an owner occupant who wants to live rent free by collecting rent to cover all expenses with $$ left over! PLEASE ONLY SEND FULL OFFERS OF AT OR ABOVE FULL ASKING PRICE. MY CLIENT HAS AUTHORIZED ME TO SELL THIS PROPERTY FOR THIS PRICE ONLY. ANY LOWER OFFERS WILL NOT BE ACCEPTED. PLEASE DO NOT WASTE YOUR TIME OR MINE PRESENTING ANY OFFER BELOW CURRENT REDUCED FINAL ASKING PRICE OF $552,500.

Last Listed By

Jeanette Politano

Coldwell Banker Realty License #RES.0795642 Listed on: 07/17/2017

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,369

Year Built

  • Built in 1966

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Home Design

  • 4,480 Sq Ft Home
  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Concrete Siding
  • Masonry Siding
  • Vinyl Siding
  • Masonry

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • 8 Car Garage
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

Amenities

  • Medical Services
  • Public Transportation

Recreation

  • Golf Course Community
  • Health Club
  • Park

Additional Features

  • 6 Units
  • Gross Income $65,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,369

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Sq Ft Est Heated Above Grade: 4480
  • Public Record Living Room Sq Ft: 4480
  • Total Sq Ft: 4480
  • Year Built: 1966
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Association Amenities: Golf Course, Health Club, Medical Facilities, Park
  • Remarks Public Addendum: Refrigerator and Range in each unit stays and is owned by Sellers currently. No washer/dryer or dishwasher in units. All electric utilities. Each unit has full size water heater tanks in units.
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 4480
  • Directions: Madison Avenue to Tremont Avenue. Property is on the left. (Near Testo's)
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Attic: No
  • Street Number Modifier: 210

Exterior Features

  • Exterior Features: Gutters, Lighting
  • Exterior Siding: Brick, Vinyl Siding
  • Foundation Type: Masonry
  • Roof Information: Tar/Gravel
  • Swimming Pool: No
  • Construction Description: Brick, Concrete

Garage/Parking

  • Garage Parking Info: Off Street Parking, Parking Lot, Paved
  • Garages Number: 8

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.2000
  • Lot Description: Level Lot
  • Zoning: RC

Multi Family

  • Gross Annual Income: 65820
  • Net Operating Income: 49355
  • Unit Count: 6
  • Total Multi Family: 18
  • Total Num Of Units: 6
  • Total Unit Count: 6

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 12369
  • Total Assessed Value: 227490
  • Mil Rate Base: 54.370
  • Mil Rate Total: 54.370
  • Assessor Parcel Number: 31936

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

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
06/01/2018 06/01/18 Sold $552,500 0.0% $123 / Sq Ft
02/15/2018 02/15/18 Pending -- -- --
12/21/2017 12/21/17 Price Changed $552,500 -0.1% $123 / Sq Ft
11/02/2017 11/02/17 For Sale $552,800 +0.1% $123 / Sq Ft
10/31/2017 10/31/17 Off Market $552,500 -- --
09/13/2017 09/13/17 Price Changed $552,800 -3.9% $123 / Sq Ft
07/17/2017 07/17/17 For Sale $575,000 -- $128 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 99193902

SmartMLS