Property Attributes
- MLS#73230648
- TypeMulti-Family
- CountyMIDDLESEX
- CityMedford
- AreaWest Medford
- Zip02155
- Style3 Family
- Year Built1910
- Taxes$ 9743
- Price$ 1,199,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3024
- Lot Size7,841 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Large Mansard-style 3-family property situated in the sought-after West Medford area. The 1st floor features a 2-bed unit with a dining room, while the 2nd floor offers another 2-bed unit with dining room + office space. The 3rd floor contains a 1-bed unit. The spacious basement is equipped with separate heating, hot water, & electric systems for each unit, reducing the landlord's expenses. The property is fully tenanted, with lease renewals scheduled for mid-2024. It rests on a sizable lot with plenty of parking for each unit, making it suitable for future condo conversion. The property generates a gross monthly income of $6,150, with potential for growth. This location is a commuter's dream, situated just 0.2 miles from the West Medford commuter rail station & offering easy access to commuter routes such as I-93, Route 2, and Route 16, as well as numerous bus stops. The property provides convenient access to Tufts University, Whole Foods, & a variety of shops & restaurants!
Price History | |
---|---|
4/30/2024 | Listed $1,199,000 |
General Features
Interior Features | Laundry Room,Ceiling Fan(s),Pantry,Bathroom with Shower Stall,Open Floorplan,Living Room,Dining Room,Kitchen,Mudroom,Sunroom,Living RM/Dining RM Combo |
---|---|
Sewer | Public Sewer |
Roof | Shingle |
Appliances | Washer,Dryer,Range,Dishwasher,Refrigerator |
Zoning | RES |
Patio/Porch Features | Porch |
Construction Materials | Frame |
Exclusions | Tenant Property. |
Year Built | 1910 |
View | City View(s) |
Property SubType | 3 Family |
Tax Year | 2024 |
Gross Income | 73800 |
Community Features | Public Transportation,Shopping,Park,Walk/Jog Trails,Public School,T-Station,Sidewalks |
County | Middlesex |
Net Operating Income | 71425 |
Operating Expense | 2375 |
Property Type | Residential Income |
Garage Y/N | No |
Rent Includes | Unit 1(Water),Unit 2(Water),Unit 3(Water) |
Total Rooms | 16 |
Status | Active |
Directions | High St to Canal St |
City | Medford |
Disclosures | Sale is subject to sellers 1031 exchange. |
View Y/N | Yes |
Senior Community Y/N | No |
Total Units | 3 |
MLS Area | West Medford |
Lot Size Square Feet | 7802 |
Waterfront Y/N | No |
Street Name | Canal St |
Year Built Details | Actual |
Tax Annual Amount | 9743 |
Home Warranty Y/N | No |
Water Sewer Expense | 2375 |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 1143600 |
Total Actual Rent | 6150 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Flooring | Wood |
---|---|
Total Stories | 6 |
Fireplace Y/N | No |
Full Baths | 3 |
Total Bedrooms | 5 |
Total Baths | 3 |
Exterior Features
Fencing | Fenced/Enclosed,Fenced |
---|---|
Parking Features | Off Street |
Lot Features | Cleared,Level |
Water Source | Public |
Total Parking | 6 |
Lot Size Area | 0.18 |
Foundation Details | Other |
Spa | No |
Building Area Total | 3024 |
Lot Size Acres | 0.18 |
Road Surface Type | Paved |
Lot Size Units | Acres |
Road Frontage Type | Public |
Road Responsibility | Public Maintained Road |
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