Open House Sun, May 19th 12:00 PM - 01:00 PM - Views
Address
17-19 Canal St, Medford, MA
Price
$ 1,199,000
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
Property vs Multi-Family Average in 02155
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
