NOT LISTED FOR SALE

40 Pleasant St Reading, MA 01867

6 Beds
4 Baths
3,240 Sq Ft
3,244 Sq Ft Lot

Last Sold December 14, 2023

Last sale price $1,300,000 $401 Per Sq Ft

6 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Tennis Courts
  • J. Warren Killam Elementary School Rated A-
  • Property is near public transit and schools
  • Jogging Path

About This Home

As of December 2023

INVESTORS! Don’t miss your chance to own this RARE 4-Family in downtown Reading center. Nothing to do but collect rent from the established tenants and build equity for your future. Condo conversion also an option. All 4 tenants are Tenants At Will. The property has two 1BR units and two 2BR units. Both units of the #40 side are CERTIFIED DELEADED. Lots of basement storage on both sides, as well as 2 parking spaces. Each unit has separate utilities. Renovations by prior owner include windows (2015), roof (2014), gas furnace (2012). Recent updates to 3 units include updated electrical, new stove, new vent hood, new toilet, gutter extensions and masonry repair. Perfectly located within walking distance to everything downtown Reading has to offer, including Commuter Rail, Senior Center, shops, banks, schools, medical, dental, pharmacy and restaurants. Group showing Monday, November 6th from 4:00-6:00 PM.

Last Agent to Sell the Property

Jennifer Hardin

True North Realty Listed on: 11/01/2023

Last Buyer's Agent

Steve Gould

Harbor View Real Estate Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,396

Year Built

  • Built in 1900

Lot Details

  • 3,244 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,240 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Connected

Additional Features

  • Porch
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $7,850
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:022.000000069.0

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path

Building Details

  • Insurance Expense $4,165
  • Water Sewer Expense $1,743
  • Operating Expense $6,508
  • Net Operating Income $88,292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,396

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Wood Flooring,Stone/Ceramic Tile Floor), Unit 3(Wall to Wall Carpet,Stone/Ceramic Tile Floor), Unit 4(Wood Flooring,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Walk-In Closet,Bathroom With Tub & Shower), Unit 2(Walk-In Closet,Bathroom With Tub & Shower), Unit 3(Walk-In Closet,Bathroom With Tub & Shower), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen,Office/Den,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen,Office/Den,Other (See Remarks))
  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup, Unit 1(Washer & Dryer Hookup)
  • Basement: Full, Unfinished
  • Living Area: 3240
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN2670
  • MAIN SO: AN5406

Exterior Features

  • Exterior Features: Porch,Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Central Heat,Hot Water Baseboard,Gas,Unit Control), Unit 2(Central Heat,Hot Water Baseboard,Gas,Unit Control), Unit 3(Central Heat,Hot Water Baseboard,Gas,Unit Control), Unit 4(Central Heat,Hot Water Radiators,Gas,Unit Control)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1743

Lot Info

  • Parcel Number: M:022.000000069.0
  • Zoning: BUSB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3244
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12396

Multi Family

  • Insurance Expense: 4165
  • Net Operating Income: 88292
  • Number Of Units Total: 4
  • Operating Expense: 6508
  • Total Actual Rent: 7850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/14/2023 12/14/23 Sold $1,300,000 -7.1% $401 / Sq Ft
11/08/2023 11/08/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $1,399,900 -- $432 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jennifer Hardin

    True North Realty

    (781) 872-1487

    18 in this area

    31 Total Sales

    Jennifer Hardin
    Section Image
  • Steve Gould

    Buyer's Agent in 2023

    Steve Gould

    Harbor View Real Estate Corp.

    (781) 910-4900

    2 in this area

    13 Total Sales

    Steve Gould
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73175620

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Reading 01867

40 Pleasant St, Reading, MA

Not Listed for Sale

MultiFamily

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