NOT LISTED FOR SALE
-- Bed
13 Baths
10,360 Sq Ft
0.35 Acres

Last Sold March 31, 2020

Last sale price $565,000 $55 Per Sq Ft

16 Days on Market

Highlights

  • Heating System Uses Steam
  • Level Lot
  • Walk-Up Access

About This Home

As of March 2020

13 units consisting of three buildings on one lot. One 8 unit, one 4 unit and a single family home. Gross current annual income of $122,684; Total Operating Expenses of $84,958.89 actual for 2019. Net Operating Income (NOI) of $37,725.33 Plenty of parking. Professional managed and in good condition. Buildings are 100% occupied with written leases in place. The heat is included in rents. The heating expense should drop as this fall and winter all the units were converted from tenant controlled thermostat to landlord controlled... Visit this web site to view how they operate. (the attached income and expense sheet are complete and are available upon your request or you can find them in the document "D" icon attached to this posting. They are complete and easy to read. Includes actual expenses for the calendar year 2019. The income calculation are based on current lease income.)

Last Agent to Sell the Property

Rod Clermont

RE/MAX Innovative Properties License #003251 Listed on: 01/13/2020

RE/MAX Innovative Properties

Last Buyer's Agent

Anna Thackston

Vylla Home License #069543

Vylla Home

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,665

Year Built

  • Built in 1900

Lot Details

  • 0.35 Acre Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 13 Full Bathrooms
  • 10,360 Sq Ft Home
  • 2-Story Property
  • Walk-Up Access

Parking

  • 1,120 Car Parking Spaces
  • Gravel Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 249

Community Details

Overview

  • 13 Units

Building Details

  • Operating Expense $84,958
  • Gross Income $122,648
  • Net Operating Income $37,725

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,665

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: GPS 44 Central St
  • Assessment Amount: 277200
  • Assessment Year: 2018
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 54.54
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 15360
  • Sq Ft - Apx Total Finished: 10360
  • Year Built: 1900
  • Remarks Public: 13 units consisting of three buildings on one lot. One 8 unit, one 4 unit and a single family home. Gross current annual income of $122,684; Total Operating Expenses of $84,958.89 actual for 2019. Net Operating Income (NOI) of $37,725.33 Plenty of parking. Professional managed and in good condition. Buildings are 100% occupied with written leases in place. The heat is included in rents. The heating expense should drop as this fall and winter all the units were converted from tenant controlled thermostat to landlord controlled... Visit this web site to view how they operate. (the attached income and expense sheet are complete and are available upon your request or you can find them in the document "D" icon attached to this posting. They are complete and easy to read. Includes actual expenses for the calendar year 2019. The income calculation are based on current lease income.)
  • List Agent: 4249
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: all rooms
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Bulkhead
  • Sq Ft - Apx Finished AG: 10360
  • Sq Ft - Apx Unfinished BG: 5000

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Vinyl
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown

Garage/Parking

  • Parking: On-Site, Parking Spaces 11 - 20

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Oil
  • Heating Fuel: Oil
  • Heating: Radiator, Steam
  • Separate Utilities: Varies
  • Total Electric Meters: 13
  • Total Heat Units: 3
  • Total Ranges: 13
  • Total Refrigerators: 13
  • Total Water Heaters: 3
  • Trash: Private
  • Utilities: Cable - Available

Lot Info

  • Map: 119
  • Lot: 249
  • Lot Sq Ft: 15246
  • Lot Acres: 0.35
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: CR2
  • Deed Book: 2058
  • Deed Page: 813
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 122648
  • Net Income: 37725
  • Total Full Baths: 13
  • Total Units: 13
  • Total1 Bedroom Units: 8
  • Total2 Bedroom Units: 4
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 11665
  • Tax Year: 2018

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
03/31/2020 03/31/20 Sold $565,000 -3.0% $55 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $582,400 -- $56 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4790231

PrimeMLS

APN: CLMN M:119 L:249