NOT LISTED FOR SALE
8 Beds
6 Baths
4,517 Sq Ft
0.26 Acres

Last Sold January 08, 2024

Last sale price $2,400,000 $531 Per Sq Ft

25 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Shops
  • 0.26 Acre Lot
  • Corner Lot
  • 1 Car Garage

About This Home

As of January 2024

Listed at a 6.6% Cap Rate on current income, 252-254 Crescent Street consists of 6 residential units in 4,517 square feet of living area with 4 1-Bedroom/1-Bathroom units and 2 2-Bedroom/1 Bathroom Units. All units have been renovated with new kitchens and bathrooms as well as updated flooring. There is ample, off-street parking for tenants of the property including 11 parking spaces. Recent capital improvements include renovated common areas as well a new electrical service to the property featuring 100amps for all units. There is an on-site laundry facility for tenants of the property as well. 252-254 Crescent Street offers the opportunity to acquire a turnkey investment in an exceptional, urban-infill location. The subject properties are ideal for a potential buyer looking for income growth and strong investment returns. 252-254 Crescent St can also be purchased with 240 Crescent St (MLS ID: 73176152)

Last Agent to Sell the Property

Dennis Kelleher

Horvath & Tremblay Listed on: 11/01/2023

Last Buyer's Agent

Kristin Santagati

Coldwell Banker Realty - Belmont

Coldwell Banker Realty - Belmont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,666

Year Built

  • Built in 1870

Lot Details

  • 0.26 Acre Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • Leased Parking

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 4,517 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Property is near public transit and schools
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $13,575
  • Rent includes unit 1(water hot water), unit 2(water hot water)
  • Assessor Parcel Number 839362

Community Details

Overview

  • 6 Units

Amenities

  • Medical Services
  • Shops

Building Details

  • Operating Expense $37,503
  • Net Operating Income $132,085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,666

Year Built

Built in 1870

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1870
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 8
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Living Area: 4517
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2723
  • MAIN SO: AN6181

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Leased
  • Total Parking Spaces: 11

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, T-Station, University
  • Rent Includes: Unit 1(Water,Hot Water), Unit 2(Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 839362
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11325
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16666

Multi Family

  • Net Operating Income: 132085
  • Number Of Units Total: 6
  • Operating Expense: 37503
  • Total Actual Rent: 13575
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Range of Values:

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Value Increase
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Percent Increase
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Average Value
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Sold Price
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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 List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $2,400,000 +20.0% $531 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $2,000,000 -- $443 / 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: 73176153

MLS Property Information Network (MLS PIN)