$1,400,000
7
Beds
4/1
Baths
3,708
Living Area
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Property Description
Opportunity awaits the savvy buyer. Own a rare property in Newton just minutes from the Mass Pike and right on the express bus line to Boston. Seller has owned the building for decades and has always rented as 2 one-bedroom apartments on the first floor, a two-bedroom apt on 2nd floor and a three-bedroom apartment which duplexes into the 3rd floor. City of Newton is not sure property is a 2 ,3 or 4 family. Buyer will need to determine status after purchase. Several rooms have 10 foot ceilings, suggesting one could remove the drop ceilings to go full height for impressive spaces. The basement is unfinished but has a high ceiling, and there are 4 furnaces 4 hot water tanks & 4 electric meters. Long term tenants with leases expiring this July. Some updates, but some finishes are in need of further updating. Gas hot air systems about 10 years old but roof dates to 1999. Parking for 5 cars but there is room to expand parking area. Don't let this one pass you by!
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Highlights
- Area: Newton Corner
- Heating: Forced Air, Natural Gas
- Property Class: Residential Income
- Total Rooms: 16
- Status: Closed
- Cooling: None, Wall Unit(s)
- Parking Spots: 5
- Property Type: 4 Family
- Year Built: 1938
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Additional Details
- Appliances: Range, Refrigerator, Range Hood, Dishwasher
- Construction: Frame
- Exterior Features: Stone Wall
- Foundation: Stone
- Lot Features: Level, Sloped
- Roof: Shingle
- Year Built Details: Actual, Renovated Since
- Zoning: Mr2
- Basement: Full, Interior Entry, Concrete, Unfinished
- Exclusions: Tenants Belongings
- Flooring: Tile, Carpet, Varies, Hardwood
- Interior Features: Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Open Floorplan, Internet Available - Unknown, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den
- Road Frontage Type: Public
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Sidewalks
- Parking Features: Off Street, Common, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $980,000
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Buyer Agent Compensation: 2%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Electric, Water), Unit 4(Water)
- Taxes: $9,565
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