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

Sale Details

Date Sold: January 8, 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
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,666

Year Built

  • Built in 1870

Lot Details

  • 11,325 Sq Ft 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

0.26 Acres

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
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)

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73176153

MLS Property Information Network (MLS PIN)
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