NOT LISTED FOR SALE

61 Estabrook St Athol, MA 01331

10 Beds
4 Baths
3,424 Sq Ft
9,800 Sq Ft Lot

Last Sold June 28, 2024

Last sale price $445,000 $130 Per Sq Ft

9 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Jogging Path
  • Property is near public transit
  • Corner Lot
  • Porch

About This Home

As of June 2024

Presenting a remarkable investment opportunity in Athol, MA within minutes of Lake Ellis. This four-family residence offers an impressive return on investment with a remarkable potential cash flow. The units have been freshly painted and many details in each units have been updated. The roof, which was replaced in 2017, adds a layer of security and assurance. The bathroom on the second floor has been carefully renovated and the new flooring installed in many of the units adds a modern touch. The property also offers ample parking with space for 7-8 cars. Situated in a growing market, this property presents a unique combination of convenience and profitability for any aspiring investor. Benefit from a positive cash flow from this property and a near 10% CAP Rate.

Last Agent to Sell the Property

Yanelys Martinez

LAER Realty Partners Listed on: 04/19/2024

LAER Realty Partners

Co-Listed By

Kelvin Martinez

LAER Realty Partners

Last Buyer's Agent

Martin Alcantara

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,201

Year Built

  • Built in 1880

Lot Details

  • 9,800 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,424 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Range
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms
  • Bathtub
  • Separate Shower

Parking

  • 8 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $5,300
  • Rent includes unit 1(heat water), unit 2(heat water), unit 3(heat water), unit 4(heat water)
  • Assessor Parcel Number M:00036 B:00032 L:00000,1449275

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Insurance Expense $4,500
  • Water Sewer Expense $2,400
  • Operating Expense $23,300
  • Net Operating Income $63,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,201

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1880
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile, Vinyl, Laminate, Hardwood
  • Interior Amenities: Ceiling Fan(s), Bathroom With Tub, Bathroom with Shower Stall, Living Room, Kitchen, Dining Room
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 10
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
  • Basement: Full
  • Living Area: 3424
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 128.48
  • PRICE PER Sq Ft: 129.96
  • MAIN SO: AC0342

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Oil
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Public School
  • Rent Includes: Unit 1(Heat,Water), Unit 2(Heat,Water), Unit 3(Heat,Water), Unit 4(Heat,Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Parcel Number: M:00036 B:00032 L:00000,1449275
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9800
  • Lot Size Units: Acres
  • PAGE: 197
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4201
  • Tax Book Number: 66707

Multi Family

  • Gross Income: 63600
  • Insurance Expense: 4500
  • Net Operating Income: 63600
  • Number Of Units Total: 4
  • Operating Expense: 23300
  • Total Actual Rent: 5300
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • 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
06/28/2024 06/28/24 Sold $445,000 +1.2% $130 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $439,900 +29.8% $128 / Sq Ft
12/08/2021 12/08/21 Sold $339,000 0.0% $99 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $339,000 +92.6% $99 / Sq Ft
04/23/2021 04/23/21 Sold $176,000 +0.6% $51 / Sq Ft
03/07/2021 03/07/21 Pending -- -- --
02/27/2021 02/27/21 For Sale $174,900 -- $51 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73226219

MLS Property Information Network (MLS PIN)