$370,000
SOLD DEC 20, 2024

2102-2104 Palmer Rd Palmer, MA 01080

6 Beds
2 Baths
2,560 Sq Ft
0.58 Acres

Recently Sold

$145 Per Sq Ft

13% Below List Price

82 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Property is near public transit
  • Attic
  • Bathtub with Shower

About This Home

As of December 2024

Knock, Knock! That is opportunity knocking at your door. This prime rental property is a turnkey opportunity that will set the cash flow immediately. Rents have been kept lower due to current long term tenants. One side currently vacant making it an ideal candidate for owner occupancy. When the rents are improved to where they should be, this property should have a capitalization rate of about 12%. The windows were all replaced with the current ownership. The Kitchens and Bathrooms have all been updated and the hardwood floors are in very good condition. The two car detached garage is a rare find on a rental property. Don't miss this wonderful opportunity for owner occupancy or full on rental investment. This is truly a rare find in the area.

Last Agent to Sell the Property

Kevin Moore

Executive Real Estate, Inc. Listed on: 07/31/2024

Executive Real Estate, Inc.

Co-Listed By

Kimberley McCloskey

Executive Real Estate, Inc.

Last Buyer's Agent

Lauren Dones

Executive Real Estate, Inc.

Executive Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1920

Lot Details

  • 0.58 Acre Lot
  • Garden

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Foundation
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,560 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Window Screens
  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House
  • Washer and Electric Dryer Hookup
  • Attic

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit

Utilities

  • Heating System Uses Oil
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $1,500
  • Assessor Parcel Number M:67 B:31,3148204

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,223

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Vinyl, Laminate, Hardwood
  • Interior Amenities: Walk-Up Attic, Bathroom With Tub & Shower, Living Room, Kitchen, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full
  • Living Area: 2560
  • Spa YN: No
  • Stories Total: 4
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AC1693
  • LIST PRICE PER Sq Ft: 155.86
  • PRICE PER Sq Ft: 144.53
  • MAIN SO: AC1693

Exterior Features

  • Exterior Features: Rain Gutters, Garden
  • Construction Materials: Frame
  • Foundation Details: Block, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Oven, for Electric Dryer, Washer Hookup
  • Heating: Oil
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:67 B:31,3148204
  • Zoning: SR
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.58
  • Lot Size Area: 0.58
  • Lot Size Sq Ft: 25265
  • Lot Size Units: Acres
  • PAGE: 400
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4223
  • Tax Book Number: 17968

Multi Family

  • Gross Income: 18000
  • Net Operating Income: 18000
  • Number Of Units Total: 2
  • Total Actual Rent: 1500
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

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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
12/20/2024 12/20/24 Sold $370,000 -7.3% $145 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $399,000 -6.1% $156 / Sq Ft
07/31/2024 07/31/24 For Sale $424,900 -- $166 / 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: 73267467

MLS Property Information Network (MLS PIN)