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Key Details
Sold Price $740,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,510 sqft
Price per Sqft $490
MLS Listing ID 73220204
Sold Date 12/12/24
Bedrooms 3
Full Baths 3
Year Built 1882
Annual Tax Amount $7,553
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5,000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager” in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 & the 2nd floor one bedroom would very much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens, and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns & long-term growth potential. Roof is older.
Location
State MA
County Middlesex
Zoning R1
Direction Rt 126, Gleason Pond
Rooms
Basement Full, Interior Entry, Bulkhead, Concrete
Interior
Interior Features Crown Molding, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Walk-Up Attic, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Kitchen
Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Hardwood, Stone/Ceramic Tile
Appliance Microwave, Refrigerator
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
Utilities Available for Gas Range, for Electric Dryer, Washer Hookup
Waterfront Description Waterfront,Beach Front,Pond,Direct Access,Public,Lake/Pond,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 6
Garage No
Building
Story 4
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Choice
Others
Senior Community false
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Bought with Matthew Wessels • Broad Sound Real Estate, LLC
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