$1,353,000
SOLD SEP 9, 2024

34-36 Park St Stoughton, MA 02072

8 Beds
8 Baths
4,464 Sq Ft
7,554 Sq Ft Lot

Recently Sold

$303 Per Sq Ft

4% Above List Price

13 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Shops

About This Home

As of September 2024

34-36 Park Street constructed in 2014, is a turnkey multifamily property, containing four (4), 2-Bedroom/2-Bathroom residential units with 4,464 square feet of living area in 9,016 gross square feet. The Property is separately metered for electricity and gas-fired heat, cooling, and hot water which the tenants pay directly. The Landlord is responsible for common electric, and domestic water and sewer. Exceptionally located in Stoughton Center, the Property contains eight (8) off-street parking spaces available to tenants, offers convenient access to the area’s major roadways, is steps away from numerous amenities, and is 0.2 miles from the MBTA’s Providence/Stoughton Line with direct service to Boston. One (1) unit is currently vacant, offering a potential buyer the opportunity to increase rent to market rates. 34-36 Park Street is ideal for a potential buyer looking to acquire a newer construction, turn-key asset, in a transit-oriented location, that is poised for income growth.

Last Agent to Sell the Property

Jason Kulik

Horvath & Tremblay Listed on: 07/12/2024

Co-Listed By

Sam Peck

Horvath & Tremblay

Last Buyer's Agent

Tatiana Diaz

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,153

Year Built

  • Built in 2014

Lot Details

  • 7,554 Sq Ft Lot
  • Corner Lot

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,464 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $8,345
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 234628

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park

Building Details

  • Operating Expense $33,266
  • Net Operating Income $67,706

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,153

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 2014
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bathrooms: 8
  • Basement: Full, Unfinished
  • Living Area: 4464
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 291.22
  • PRICE PER Sq Ft: 303.09
  • MAIN SO: M59500

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Other (See Remarks)

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, House of Worship, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 234628
  • Zoning: RU
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7554
  • Lot Size Units: Acres
  • PAGE: 318
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 15153
  • Tax Book Number: 33934

Multi Family

  • Gross Income: 100972
  • Net Operating Income: 67706
  • Number Of Units Total: 4
  • Operating Expense: 33266
  • Total Actual Rent: 8345
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • 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
09/09/2024 09/09/24 Sold $1,353,000 +4.1% $303 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $1,300,000 -- $291 / 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: 73263850

MLS Property Information Network (MLS PIN)

APN: STOU M:0054 B:0346 L:0000