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
  • Walter S. Parker Middle School Rated A-
  • Property is near public transit
  • 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

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Connected

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
  • Buyer Agency: 2
  • Transaction Broker: 1
  • 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
  • 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
  • LIST PRICE PER Sq Ft: 432.07
  • PRICE PER Sq Ft: 401.23
  • 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 Area: 0.07
  • Lot Size Sq Ft: 3244
  • Lot Size Units: Acres
  • PAGE: 114
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12396
  • Tax Book Number: 79988

Multi Family

  • Gross Income: 94200
  • 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 2: 2
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 2

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
12/14/2023 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

    22 in this area

    34 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

    17 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

This home is located at 40 Pleasant St, Reading, MA 01867 since 01 November 2023. This property was built in 1900. 40 Pleasant St is a home located in Middlesex County with nearby schools including J. Warren Killam Elementary School, Walter S. Parker Middle School, and Reading Memorial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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