Sold!
$685,000
11
Beds
7/2
Baths
6,900
Living Area
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Property Description
A business and housing investment opportunity. Large circa 1890 Victorian home celebrating 50 years serving the community. The Elizabeth Home provides a group home with municipal licenses for a congregate living environment for 16 residents that includes 3 nutritious meals daily, laundry, linen and housekeeping weekly. 100% occupied via lease and rental agreements, with some long time residents of 15-21 years. No permitting required when current usage continued. Fire and smoke detector systems, natural gas steam heat, updated electric, asbestos abatement of steam system and multiple egress ensure a safe and secure household for the 24+ rooms including 7+ bathrooms. The U-shaped home sits stately on a corner lot with 369 foot frontage, expansive front porch and hidden balcony deck. Annual rental income of $320,000. A 38x38 two-story carriage house has current additional lease to contractor, however it awaits creative upgrade ideas. Management provided. Excellent staff onsite.
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Highlights
- Cooling: Window Unit(s), Individual
- Parking Spots: 8
- Property Type: 5+ Family - Rooming House
- Year Built: 1890
- Heating: Steam, Natural Gas, Common
- Property Class: Residential Income
- Total Rooms: 24
- Status: Closed
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Additional Details
- Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Freezer - Upright, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
- Construction: Frame
- Fireplaces: 3
- Foundation: Stone, Brick/Mortar
- Lot Features: Corner Lot, Cleared, Level
- Roof: Shingle
- Year Built Details: Actual
- Zoning: Ra
- Basement: Full, Partial, Crawl Space, Interior Entry, Bulkhead, Dirt Floor, Concrete
- Exterior Features: Porch, Porch - Enclosed, Deck, Deck - Wood, Handicap Access, Balcony/Deck
- Flooring: Wood, Tile, Carpet, Hardwood, Hardwood Floors, Wood Flooring, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), Pantry, Storage, Crown Molding, High Speed Internet Hookup, Walk-In Closet(s), Bathroom with Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Smart Thermostat, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Mudroom, Sunroom, Other (See Remarks)
- Road Frontage Type: Public
- Total Number of Units: 16
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
- Parking Features: Paved Drive, Off Street, Driveway, Stone/Gravel
- Covered Parking Spaces: 2
- Waterfront Features: Beach Front, River, Beach Ownership(Public)
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Utilities
- Electric: 220 Volts, Circuit Breakers, Common
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $487,800
- Compensation Based On: Net Sale Price
- Taxes: $9,731
- Buyer Agent Compensation: 2%
- Tax Year: 2023
- Total Rent: $27,285
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 Greenfield Group Real Estate.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
