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Open House: Sun 5/19 2:00 PMPrice Reduced $20,000
22
$779,900
Total Beds: 3 Total Baths: 3
Total Units: 3 SQFT: 1510
LOT size: 0.23 Acres
368 Concord Street
Framingham, MA 01702
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Property Description

Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5,000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager” in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 & the 2nd floor one bedroom would very much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens, and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns & long-term growth potential. Roof is older.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Crown Molding, Stone/Granite/Solid Counters, Tile Floor, Upgraded Countertops, Walk-Up Attic
  • Common Appliances: Microwave, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Gross Operating Income: 60000
  • Net Operating Income: 60000

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Fuses, Nearby, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors, Storm Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1882
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73220204
  • Last Updated: 05/01/24

Mortgage Calculator

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Map

Seller's Representative: Diane B. Sullivan, Coldwell Banker Realty - Framingham
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 2.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-05-01 19:56:00