$3,500,000
SOLD OCT 2, 2018
24 Beds
20 Baths
14,145 Sq Ft
0.69 Acres

Recently Sold

$247 Per Sq Ft

5% Below List Price

222 Days on Market

Highlights

  • Beach Access
  • 0.69 Acre Lot
  • No HOA
  • Brien Mcmahon High School Rated A-
  • Property is near public transit
  • Public Transportation

About This Home

As of October 2018

Rare 20 unit Condo/Apartment building in convenient residental location near hospital and all major transportation. The building consist of 2 single family homes in the front each home has 2 two bedroom apartments. Attached to the two single family homes are the newer 16 one bedroom units on two floors. The property has an assumable mortgage at 3.85% matures in 2021. Balance on loan $1.855.000. One bedroom units have electric heat and tenants pay for utilities. Four units have oil heat and owner pays the heat. Two units have private large basements. Coin operated washers and dryers in the common area basements.

Last Agent to Sell the Property

Ann Rosati

William Raveis Real Estate License #RES.0584055 Listed on: 02/15/2018

William Raveis Real Estate

Last Buyer's Agent

Kraig Binick

Coldwell Banker Realty License #RES.0800325

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $43,402

Year Built

  • Built in 1952

Lot Details

  • 0.69 Acre Lot
  • Level Lot

Home Design

  • 14,145 Sq Ft Home
  • Block Foundation
  • Frame Construction
  • Fiberglass Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 20 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • Private Driveway
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Additional Features

  • Beach Access
  • Property is near public transit

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Amenities

  • Public Transportation
  • Coin Laundry

Building Details

  • Gross Income $351,456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$43,402

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 14145
  • Public Record Living Room Sq Ft: 14145
  • Total Sq Ft: 14145
  • Year Built: 1952
  • Nearby Amenities: Medical Facilities, Public Transportation
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 18054
  • Directions: Stuart Ave to Benedict St to Hyatt Ave
  • Special Features: None

Interior Features

  • Total Bedrooms: 24
  • Total Bathrooms: 20.00
  • Full Bathrooms: 20
  • Basement Description: Full, Shared Basement
  • Laundry Room Info: Coin Op Laundry
  • Attic: No
  • Street Number Modifier: 6

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Fiberglass Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved
  • Driveway Type: Private, Paved, Asphalt

Utilities

  • Cooling System: Wall Unit, Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 8564

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.6900
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: C

Multi Family

  • Gross Annual Income: 351456
  • Net Operating Income: 237470
  • Unit Count: 2
  • Total Multi Family: 64
  • Total Num Of Units: 20

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 43402
  • Total Assessed Value: 1689990
  • Mil Rate Base: 23.310
  • Mil Rate Tax District: 2.372
  • Mil Rate Total: 25.682
  • Assessor Parcel Number: 230763

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

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
08/15/2024 08/15/24 Rented $1,750 0.0% --
08/15/2024 08/15/24 Under Contract -- -- --
06/04/2024 06/04/24 For Rent $1,750 0.0% --
10/02/2018 10/02/18 Sold $3,500,000 -5.4% $247 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $3,699,000 0.0% $262 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $3,699,000 -- $262 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170050796

SmartMLS

APN: NORW M:1 B:5 L:12