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Home Massachusetts Multi-Family Homes for Sale

262 Adams St Newton, MA 02458
262 Adams St, Newton, MA
Not Available - Off MarketPrice Reduced $24,999
0
$1,975,000
Total Beds: 10 Total Baths: 5
Total Units: 5 SQFT: 4500
LOT size: 0.09 Acres
262 Adams St
Newton, MA 02458
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This Property is No Longer Available

Property Description

Package Deal with 40 Middle St! Attention investors, developers, and potential homeowners! A unique chance presents itself with these two multi-unit buildings situated on a corner lot. This is a prime opportunity for builders and developers to refurbish and convert into condominiums. Alternatively, it's an excellent investment for owner-occupants or multi-family investors looking to generate rental income. Located conveniently near Mass Pike (Exit 17), Soldiers Field Road, and Routes 128 & 95. Enjoy a short stroll to the YMCA or Whole Foods, and easy access to Boston, Cambridge, and Riverside via nearby bus stops or the commuter rail. It's also just minutes away from Newton’s highly regarded public schools. The property at 40-42 Middle St features a distinctive Victorian design with two residential units, while 260-262 Adams St showcases a Queen Anne Colonial Revival style with three residential units and a commercial space.
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Property Details

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 10
  • Total Full Baths: 5
  • Amenities: Conservation Area, Golf Course, Highway Access, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping
  • Basement Features: Interior Access, Unfinished Basement
  • Common Rooms: Family Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Pantry
  • Common Appliances: Range, Refrigerator
  • Common Heating: Electric Baseboard, Forced Air, Oil, Oil, Radiant

Financial

  • APOD Available: No
  • Expenses Source: Not Available
  • Gross Operating Income: 134340
  • Net Operating Income: 115140

Utilities

  • Utility Connections: for Gas Range
  • 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: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Brick
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Asphalt/Composition Shingles
  • Flooring Type: Hardwood, Laminate, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: No
  • Warranty: No

Other Information

  • MLS ID# 73240883
  • Last Updated: 08/01/24
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Ethan Piani-Hohmann, Shilalis Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-08-01 03:05:00

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