NOT LISTED FOR SALE
36 Beds
12 Baths
12,360 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: June 24, 2022

Last sale price $2,600,000 $210 Per Sq Ft

68 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Tennis Courts
  • Property is near golf course, public transit, and schools
  • Corner Lot
  • Jogging Path

About This Home

As of June 2022

Looking for a GREAT investment opportunity with an EXCELLENT cash flow, then this property is it. This property consist of (2) 6 unit buildings with (12) 3 bedroom apartments. Each unit has been DELEADED, newer kitchens & baths, separate utilities and updated heating, electrical and hot water systems too. Plenty of off street parking. Great location within minutes of numerous shops, commuter rail station, local bus transportation and Routes 24, 28 & 37. Please review the attached property “Rent Roll” and “Cash Flow Chart” for Gross Income and Net Expenses. These buildings come with a very SOLID Cap Rate.

Last Agent to Sell the Property

Charles Lima

Keller Williams Realty Listed on: 12/16/2021

Keller Williams Realty

Last Buyer's Agent

Jesse Malzone

Silver Key Homes Realty

Silver Key Homes Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,195

Year Built

  • Built in 1900

Lot Details

  • 14,100 Sq Ft Lot
  • Corner Lot

Home Design

  • Frame Construction
  • Marble or Granite Building Materials

Interior Spaces

  • 12,360 Sq Ft Home
  • Insulated Windows
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 12 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 18 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • 12 Heating Zones
  • Water Heater

Additional Features

  • Porch
  • Property is near golf course, public transit, and schools

Listing and Financial Details

  • Total Actual Rent $21,200
  • Tax Lot 126

Community Details

Overview

  • 12 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $1,364
  • Insurance Expense $7,357
  • Water Sewer Expense $9,925
  • Operating Expense $60,512
  • Net Operating Income $138,948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,195

Year Built

Built in 1900

Lot Details

0.32 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Microwave), Unit 2(Range,Dishwasher,Microwave), Unit 3(Range,Dishwasher,Microwave), Unit 4(Range,Dishwasher,Microwave), Tank Water Heater
  • Total Bedrooms: 36
  • Full Bathrooms: 12
  • Total Bathrooms: 12
  • Basement: Full, Interior Entry
  • Living Area: 12360
  • Stories Total: 9
  • Window Features: Insulated Windows
  • MAIN LO: BB4624
  • MAIN SO: AN1199

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 18

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT ZONES: 12

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 9925

Lot Info

  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 14100
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 19195.1
  • Tax Lot: 126

Multi Family

  • Electric Expense: 1364
  • Insurance Expense: 7357
  • Net Operating Income: 138948
  • Number Of Units Total: 12
  • Operating Expense: 60512
  • Total Actual Rent: 21200
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2021
Closed on
Jun 23, 2022
Sold by
Bought by
Seller's Agent
Charles Lima
Keller Williams Realty
Buyer's Agent
Jesse Malzone
Silver Key Homes Realty
List Price
$2,850,000
Sold Price
$2,600,000
Premium/Discount to List
-$250,000
-8.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,010,000
Interest Rate
0.053%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
0.0381%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 1989
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 1987
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 None Available
$407,500 --
$300,000 --
$250,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,010,000
Closed $2,010,000
Previous Owner $575,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $2,600,000 -8.8% $210 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
12/16/2021 12/16/21 For Sale $2,850,000 -- $231 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,293 $1,180,300 $132,000 $1,048,300
2024 $14,187 $1,180,300 $132,000 $1,048,300
2023 $10,654 $820,800 $126,000 $694,800
2022 $10,617 $760,000 $126,000 $634,000
2021 $9,598 $661,900 $120,000 $541,900
2020 $9,932 $655,600 $106,600 $549,000
2019 $7,972 $513,000 $106,600 $406,400
2018 $7,090 $497,900 $106,600 $391,300
2017 $7,090 $440,400 $106,600 $333,800
2016 $6,767 $389,800 $106,560 $283,240
2015 $6,432 $354,400 $106,560 $247,840
2014 $6,425 $354,400 $106,560 $247,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72928366

MLS Property Information Network (MLS PIN)
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