$1,080,000
6
Beds
3
Baths
3,692
Living Area
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Property Description
Well maintained 3-family in Norwood features three 2-bedroom units (w/ potential to be 3 bedrooms, see floor plans) offering excellent income. With below market rents, the current gross income is $75,300/year, which can reach $88,572 as-is or $104,400+ after updating the units. Recent property upgrades include brand new heating systems, central AC, roof, driveway, & full insulation (all 2024), upgraded PVC plumbing (2010), new electric panels (2015), replacement windows, vinyl siding, and newer water heaters. Each unit boasts ample living space, basement storage, in-unit washer/dryer hookups, and both front and back decks/balconies. Situated on a corner lot of a dead-end street in a highly desirable neighborhood, walking distance to the train, bus, multiple shopping centers, parks, and Downtown Norwood. Well maintained building, units are just dated. Norwood Average 2 bed rent: $2,378/mo. Renovated units: upwards of $3,000/mo. Seller will review any offers starting Tuesday 9:00am.
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Highlights
- Cooling: Central Air
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1925
- Heating: Heat Pump
- Parking Spots: 9
- Property Type: 3 Family
- Total Rooms: 17
- Status: Closed
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Additional Details
- Basement: Full, Interior Entry, Concrete
- Lot Features: Corner Lot, Level
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R
- Foundation: Block
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street, Paved
- Covered Parking Spaces: 2
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $756,000
- Tax Year: 2025
- Total Rent: $6,275
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $7,953
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Listing information provided courtesy of Keller Williams Realty Boston South West.
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