Sold!
$925,000
4
Beds
2/1
Baths
4,576
Living Area
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Property Description
NEW PRICE, ONLY $985K! ESTIMATED (CONSERVATIVE) CAP RATE OF 8%!!! WE HAVE MULTIPLE PARTIES INTERESTED IN RENTING RETAIL SPACES. PERFECT 1031 EXCHANGE OR OWNER OCCUPANT OPPORTUNITY. THE BEST INVESTMENT PROPERTY ON THE SOUTH SHORE! Includes approx 2000 sq ft NOT LISTED IN SQUARE FOOTAGE! Two 2 bedroom residential units & 2 retail units. Complete renovation (see attached documents) including: New roof, new windows, 2 totally new kitchens, fresh paint inside/out, 2 new Navien heating systems, the list goes on & on. Solid construction has been updated to EXCEED THE EXPECTATIONS of today’s buyers/investors. Apartments are approximately 850 sq feet each, w/ bonus 800 sq ft walkup 3rd floor. Each retail unit is approx. 940 sq ft, PLUS 900sq ft bonus walkup for offices/storage. Parking for 10-12 cars, No flood insurance required due to the owner's diligence & foresight. Sidewalks to Walgreens (2 mins) & 3 min walk to SOUTH RIVER SCHOOL, .5 miles to Webster Square w/ restaurants & shopping.
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Highlights
- Levels: 2
- Property Class: Residential Income
- Stories: 2
- Year Built: 1900
- Parking Spots: 12
- Property Type: 2 Family - 2 Units Up/Down
- Total Rooms: 12
- Status: Closed
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Additional Details
- Appliances: Range, Microwave, Refrigerator, Washer, Dryer
- Construction: Frame, Stone
- Flooring: Wood, Varies, Hardwood
- Interior Features: Walk-Up Attic, Crown Molding, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen, Laundry Room, Mudroom
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: B-2
- Basement: Full, Partial, Walk-Out Access
- Exterior Features: Rain Gutters
- Foundation: Concrete Perimeter, Stone, Irregular
- Lot Features: Wooded
- Roof: Shingle, Rubber
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Bike Path, Conservation Area, House of Worship, Public School
- Waerfront: Yes
- Parking Features: Off Street
- Waterfront Features: Waterfront, Stream, River, Creek, Private, Harbor
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Utilities
- Electric: 110 Volts, 220 Volts, 200+ Amp Service
- Water Source: Public
- Sewer: Private Sewer
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Fees / Taxes
- Assessed Value: $779,400
- Taxes: $8,098
- Tax Year: 2024
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Tarantino Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
