Seller's Agent in 2018
Matt Gorman
EDGE Realty Advisors
(617) 477-0601
1 in this area
67 Total Sales
5 General Greene Ave Natick, MA 01760
11
Beds
6
Baths
7,068
Sq Ft
0.55
Acres
Highlights
- Pond View
- Porch
- Tile Flooring
- Natick High School Rated A
- Patio
About This Home
As of March 2018Look up turn-key in the dictionary and you might find a photo of this immaculate six-unit building steps from Downtown Natick! This investor's dream is comprised of five two-bedroom apartments and one one-bedroom, making this an extremely rare opportunity. There is nothing that needs to be done but open the door and let the cash begin to flow. Units are rented 10% below market and provide an amazing opportunity with little to no upfront work required. Four of the six units are renovated, but minor cosmetic updates in two of the units will bring this building up to $155,000/year in annual income with an unrivaled 9% cap rate! Recent upgrades include: brand new roof (2015), new porches (2016), new HVAC systems (2017), new windows for five of the six units (2015), new sewer injector system (2015). Open houses will be held Saturday February 24th and Sunday the 25th from 12-2 pm, NO SHOWINGS PRIOR TO OPEN HOUSE. Offers are due by Tuesday, February 27th, at 5pm.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 0.55
Property Views
- Pond Views
Flooring
- Wall to Wall Carpet
- Tile
Outdoor Features
- Patio
- Rain Gutters
- Porch
Additional Features
- Basement
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2018 03/02/18 | Sold | $1,575,000 | +8.6% | $223 / Sq Ft |
| 03/02/2018 03/02/18 | Pending | -- | -- | -- |
| 02/19/2018 02/19/18 | For Sale | $1,450,000 | -- | $205 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,815 | $1,656,800 | $481,200 | $1,175,600 |
| 2024 | $20,312 | $1,656,800 | $454,600 | $1,202,200 |
| 2023 | $18,875 | $1,493,300 | $409,000 | $1,084,300 |
| 2022 | $18,943 | $1,420,000 | $369,400 | $1,050,600 |
| 2021 | $18,937 | $1,391,400 | $348,300 | $1,043,100 |
| 2020 | $18,269 | $1,342,300 | $332,500 | $1,009,800 |
| 2019 | $13,629 | $1,072,300 | $332,500 | $739,800 |
| 2018 | $10,774 | $825,600 | $316,700 | $508,900 |
| 2017 | $9,983 | $740,000 | $270,800 | $469,200 |
| 2016 | $9,553 | $704,000 | $270,800 | $433,200 |
| 2015 | $9,034 | $653,700 | $330,000 | $323,700 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Gorman
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72283116
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.
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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