Property Attributes
- MLS#73220204
- TypeMulti-Family
- CountyMIDDLESEX
- CityFramingham
- Zip01702
- Style3 Family
- Year Built1882
- Taxes$ 7553
- Price$ 779,900
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1510
- Lot Size10,019 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
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.
Elementary School |
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Choice Elementary School |
Price History | |
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4/4/2024 | Listed $799,900 |
4/23/2024 | 3% - $779,900 |
General Features
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 |
---|---|
Sewer | Public Sewer |
Heating | Baseboard,Natural Gas |
Cooling | Window Unit(s) |
Utilities | for Gas Range,for Electric Dryer,Washer Hookup |
Roof | Shingle |
Appliances | Microwave,Refrigerator |
Exterior Features | Rain Gutters |
Zoning | R1 |
Construction Materials | Frame |
Exclusions | 2nd Floor Unit Room Darkening Shades In Bedroom,Security Light Above Shed & Bird House On Shed |
Year Built | 1882 |
Electric | Fuses,Circuit Breakers |
Property SubType | 3 Family |
Tax Year | 2024 |
Gross Income | 60000 |
Waterfront Features | Waterfront,Beach Front,Pond,Direct Access,Public,Lake/Pond,3/10 to 1/2 Mile To Beach,Beach Ownership(Public) |
Community Features | Public Transportation,Shopping,Tennis Court(s),Park,Medical Facility,Highway Access,House of Worship,Private School,Public School,T-Station,Sidewalks |
County | Middlesex |
Net Operating Income | 60000 |
Property Type | Residential Income |
Garage Y/N | No |
Other Structures | Shed(s) |
Rent Includes | Unit 1(Water),Unit 2(Water),Unit 3(Water) |
Total Rooms | 7 |
Status | Active |
Directions | Rt 126,Gleason Pond |
City | Framingham |
Disclosures | Window AC units are tenant owned,roof is older,Washer/dryer is common in the basement,1st floor one bedroom tenant has direct access,other 2 units have access through covered bulk head. |
Senior Community Y/N | No |
Total Units | 3 |
Lot Size Square Feet | 9888 |
Waterfront Y/N | Yes |
Street Name | Concord Street |
Elementary School | Choice |
Year Built Details | Actual |
Tax Annual Amount | 7553 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 606200 |
Total Actual Rent | 5000 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Basement | Full,Interior Entry,Bulkhead,Concrete |
---|---|
Flooring | Tile,Hardwood,Stone/Ceramic Tile |
Total Stories | 4 |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Window Features | Insulated Windows,Storm Window(s) |
Fireplace Y/N | No |
Full Baths | 3 |
Laundry Features | Electric Dryer Hookup,Washer Hookup |
Total Bedrooms | 3 |
Total Baths | 3 |
Exterior Features
Parking Features | Paved Drive,Off Street,Assigned |
---|---|
Water Source | Public |
Total Parking | 6 |
Lot Size Area | 0.23 |
Foundation Details | Stone |
Spa | No |
Building Area Total | 1510 |
Lot Size Acres | 0.23 |
Road Surface Type | Paved |
Lot Size Units | Acres |
Door Features | Insulated Doors,Storm Door(s) |
Road Frontage Type | Public |
Road Responsibility | Public Maintained Road |
Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool