Donna Coffin - ERA Key Realty Services - Distinctive Group

48 Newton Street, Marlborough, MA 01752

Multi-Family

$295,000
Price
$260,000
Sale Price

3
Units
1,744
Approx. GLA
Great investment opportunity -- 3-family with public water and sewer, separate utilities & some major updates (heating systems, vinyl replacement windows). Excellent location -- walking distance to downtown, shopping, & restaurants. Superb off-street paved parking area behind building with access from Granger Blvd. Rents are below current market rates. To be sold as a package with 52 Newton Street (listed separately). Total list price of package is $ 590,000.
Highlights
Sale Price: $260,000
Settled Date: 11/30/2016 12:00:00 AM
Basement Features: Full, Walk Out, Interior Access, Dirt Floor, Concrete Floor
List Price: $295,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Sold
Beds: 4
Baths: 3
Units: 3
Year Built: 1890
Year Round: Yes
Approx. GLA: 1,744
MLS#: 72003344
 
Interior
Basement: Yes
Electric Features: Circuit Breakers, Individually Metered
Heating Units: 3
Heating Zones: 3
Flooring: Tile, Vinyl, Wall to Wall Carpet, Varies Per Unit, Laminate
Energy: Insulated Windows
Hot Water: Natural Gas, Tank
Rooms: 10
Lead Paint: Unknown
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.24
Lot Size: 10,663.00
Lot Description: Corner, Paved Drive, Gentle Slope
Foundation: Fieldstone
Parking Spaces: 5
Parking Features: Off-Street, Common, Paved Driveway
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: Gray&Mauve
Construction: Frame
Roof Material: Slate, Rubber
Utility: Varies per Unit
Exterior: Shingles, Asbestos, Stucco
Exterior Features: Stone Wall, Porch, Screens
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $205,000
Taxes: $3,145
Tax Year: 2016
Book/Page: 18285/103
Warranty Available: No
School
High School: Marlboro High
Beach
Beach: No
Expenses
Expenses Source: Not Available
Gross Income: $24,600
Total Rent: $2,050
Net Income: $24,600
 
 
Additional
Amenities: Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School
Exclusions: Tenants' Personal Property
Disclosure Declaration: No
Disclosure: The paved parking area is common to 48 and 52 Newton Street, so both properties are being sold as a package. The Buyer must be able to purchase and close on 48 and 52 Newton Street.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $425
Unit 2 4 2 0 2 1 0 No 1 $900
Unit 3 3 1 0 3 1 0 No 1 $775
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Central Heat, Forced Air, Gas  Interior:  Bathroom With Tub, Wall to Wall Carpet, Ceiling Fans, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator, Vent Hood  Heating:  Central Heat, Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Wall to Wall Carpet, Cable TV Available, Pantry, Tile Floor  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Central Heat, Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Wall to Wall Carpet, Cable TV Available, Pantry, Tile Floor  Rooms:  Living Room, Kitchen 
Common
Cooling:  None  Heating:  None  Interior:  Wall to Wall Carpet 
Map
Similar Properties
The listing office is ERA Key Realty Services - Distinctive Group and the listing agent is Dick Rastani. 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 11/25/2017 4:05:00 AM.
 
Donna Coffin
Donna Coffin
ERA Key Realty Services - Distinctive Group