Stephen O Loughlin - REALTY EXECUTIVES

36-38 Saco St., Newton, MA 02464

Newton Upper Falls

Multi-Family

$1,199,900
Price

3
Units
2,876
Approx. GLA
A rare opportunity to own a brick Two-Family Newton property with great potential! Property has been used taxed as a three family since early 1980s. Needs some updates, but it is in clean and good condition. It generates good incomes. Two out of three units are currently rented. The two larger units have 1.5 baths and laundry rooms. All three units have been improved with new appliances and new carpet. Convenient location with quick access to I-95, Rt.9 and the Needham Street, Chestnut Hill shopping areas and the N2 Innovation District which is right around the corner! It's about 1 mile away from Green T stop. Lead-free compliance in hand! Ask broker about the potential opportunity to enrich investment value.
Open House
No scheduled Open Houses
Highlights
Area/Village: Newton Upper Falls
List Price: $1,199,900
Type: Multi-Family
Multi-Family Type: 3 Family - 3 Units Up/Down
Status: Active
Beds: 7
Baths: 3
Half Baths: 2
Units: 3
Year Built: 1950
Year Round: Yes
Approx. GLA: 2,876
MLS#: 72514663
 
 
Interior
Basement: No
Cooling Units: 3
Electric Features: 110 Volts
Heating Units: 3
Heating Zones: 3
Flooring: Wall to Wall Carpet
Rooms: 12
Lead Paint: None
Total Floors: 2
Exterior
Water: No
Facing: West
Acres: 0.12
Lot Size: 5,191.00
Lot Description: Level
Foundation: Slab
Parking Spaces: 3
Parking Features: Off-Street, Deeded
Road Type: Public, Paved, Publicly Maint.
Color: Red
Construction: Brick
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Electric Range
Exterior: Brick
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $602,000
Taxes: $6,297
Tax Year: 2019
Book/Page: 72140/43
Warranty Available: No
School
Grade School: Countryside
Middle School: Brown
High School: South
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $45,600
Gross Expenses: $3,700
Total Rent: $3,800
Net Income: $45,600
Insurance Cost: $2,500
Water Cost: $1,200
 
 
Additional
Amenities: Public Transportation, Shopping, Park, Conservation Area, Highway Access, T-Station
Disclosure Declaration: No
Disclosure: Electric baseboard heating; Unit 36 has separate water meter; On city record it is a Two family dwelling, it has been used as 3 family since 1982.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 1 Yes 1 $1,200
Unit 2 4 3 0 2 1 1 Yes 2 $2,300
Unit 3 5 3 1 1
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Refrigerator, Washer / Dryer Combo  Heating:  Electric Baseboard 
Unit 2
Rent Includes:  Water  Cooling:  Wall AC  Applicances:  Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer  Heating:  Electric Baseboard 
Unit 3
Cooling:  Wall AC  Applicances:  Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer  Heating:  Electric Baseboard  Interior:  Lead Certification Available  Rooms:  Living Room, Kitchen 
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The listing office is Castles Unlimited® and the listing agent is Steve Yang. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
 
Stephen O Loughlin
Stephen O Loughlin
REALTY EXECUTIVES