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

Sale Details

Date Sold: June 1, 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 golf course, public transit, and shops
  • 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 Agent to Sell the Property

Jeanette Politano

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

Coldwell Banker Realty

Last Buyer's Agent

Gaetano Marra

BHGRE Gaetano Marra Homes License #REB.0792157

BHGRE Gaetano Marra Homes
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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 golf course, public transit, and shops

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

8,712 Sq Ft Lot

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

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

  • Intermediate School: Per Board of Ed

Lot Info

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

Multi Family

  • Gross Annual Income: 65820
  • 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
  • Mil Rate Base: 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2017
Closed on
Jun 5, 2018
Sold by
Bought by
Seller's Agent
Jeanette Politano
Coldwell Banker Realty
Buyer's Agent
Gaetano Marra
BHGRE Gaetano Marra Homes
List Price
$552,800
Sold Price
$552,500
Premium/Discount to List
-$300
-0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Outstanding Balance
$351,046
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$552,500 --
$525,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $414,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,433 $401,220 $79,170 $322,050
2024 $17,433 $401,220 $79,170 $322,050
2023 $17,433 $401,220 $79,170 $322,050
2022 $17,433 $401,220 $79,170 $322,050
2021 $17,433 $401,220 $79,170 $322,050
2020 $12,282 $227,490 $44,650 $182,840
2019 $12,282 $227,490 $44,650 $182,840
2018 $12,369 $227,490 $44,650 $182,840
2017 $12,369 $227,490 $44,650 $182,840
2016 $12,369 $227,490 $44,650 $182,840
2015 $13,082 $310,000 $54,020 $255,980
2014 $13,082 $310,000 $54,020 $255,980
Source: Public Records

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Map

Source: SmartMLS

MLS Number: 99193902

SmartMLS
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