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12-14 Exchange Street

Millis, MA 02054
$1,350,000
9 Beds
4 Baths
6,304 Living Area
  • Property Description
    Over the past 5 years, this 4 family building has undergone many upgrades!! This investment makes a net income on Day One! This is the one you have been looking for. As a bonus, there is an oversized detached garage that has been used by the Owner for storage. Transparent seller is happy to share ACTUAL monthly financials on this property, and we have almost 3 years of an AirBnb results as well (YES, a great success in Millis!) Each unit has its own private basement space for storage and laundry. Separate electric, 3 units have gas services, and all units have upgraded heating systems. Most of the windows are replaced. Gut remodel of several areas with all new plumbing and electrical. Terrific location next to dining, library, parks, and walk to schools. Small amount of lawn and landscaping to maintain. This building has ACTUAL leases in place, not projected rents!!
  • Highlights
    • Cooling: None, Window Unit(s)
    • Levels: 5
    • Property Class: Residential Income
    • Stories: 5
    • Year Built: 1900
    • Heating: Baseboard, Natural Gas, Oil
    • Parking Spots: 11
    • Property Type: 4 Family
    • Total Rooms: 18
    • Status: Closed
  • Additional Details
    • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
    • Construction: Frame
    • Foundation: Concrete Perimeter, Stone
    • Lot Features: Wooded
    • Roof: Tar/Gravel
    • Total Number of Units: 4
    • Year Built Source: Public Records
    • Basement: Full, Walk-Out Access, Sump Pump
    • Exclusions: Personal Property Of Tenants
    • Interior Features: Kitchen, Family Room, Laundry Room
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • Year Built Details: Renovated Since
    • Zoning: 5-9
  • Amenities
    • Community Features: Park, Public School
    • Parking Features: Off Street, Paved
    • Covered Parking Spaces: 1
  • Utilities
    • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $632,600
    • Tax Year: 2024
    • Total Rent: $9,068
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water, Other (See Remarks))
    • Taxes: $10,387

Location

12-14 Exchange Street, Millis, MA 02054

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