Open House Wed, May 1st 05:00 PM - 06:00 PM - Price Reduction - Waterfront
Address
368 Concord Street, Framingham, MA
Price
$ 779,900
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. Main roof is older.
| Elementary School |
|---|
| Choice Elementary School |
| Price History | |
|---|---|
| 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,main house roof is older,studio roof has recently been replace - Washer/dryer is common in the basement,1st floor one bedroom tenant has direct access,other 2 units h |
| 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
Property vs Multi-Family Average in 01702
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
