Karen McKiernan - Metrowest Realtor

27-31 ESSEX STREET, Marlborough, MA 01752  

Multi-Family
$729,000
Price
3
Units
3,600
Approx. GLA
Virtual Tour: https://www.tourvista.com/virtual-tour.php?id=25150&nocontact. WOW!! Great price for this investment. Be surprised by this unique 3 family investment property in Marlborough. Total monthly rental income of $5,700 equals $68,400/yr. The property consists of a 2 family unit & a detached single family unit. Currently the single family 3 bed/1 bath rents for $2250/mo, the 1st floor of the 2 family w/ 2 beds/1 bath rents for $1700/mo & the 2nd floor unit w/ 2 beds/1 bath rents for $1750/mo. Both 2 bed units could easily be converted/rented as 3 beds providing more rental income/mo for a greater return on investment. All 3 units are in great shape w/ hardwood floors, newer windows, stainless appliances, private laundry, private driveways for each & a great back yard for all to use. Nice neighborhood location. Pics #2-13 are of single fam, pics #14-24 are of 2nd fl unit in the 2 fam and pics #25-36 are of the 1st fl unit in the 2 fam.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Interior Access, Concrete Floor
List Price: $729,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Under Agreement
Beds: 7
Baths: 3
Units: 3
Year Built: 1900
Year Round: Yes
Approx. GLA: 3,600
MLS#: 72614824
 
 
Interior
Basement: Yes
Electric Features: 110 Volts, Circuit Breakers, 100 Amps
Heating Units: 3
Heating Zones: 3
Flooring: Wood
Energy: Insulated Windows, Storm Windows
Hot Water: Natural Gas
Rooms: 18
Lead Paint: Yes, Unknown
Total Floors: 2
Exterior
Water: No
Acres: 0.36
Lot Size: 15,841.00
Lot Description: Paved Drive
Foundation: Fieldstone
Parking Spaces: 10
Parking Features: Off-Street
Road Type: Public
Color: Yellow
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Electric Dryer, Washer Hookup
Exterior: Vinyl
Exterior Features: Garden Area, Deck, Gutters
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $529,200
Taxes: $7,446
Tax Year: 2019
Book/Page: 69806/588
School
Grade School: Kane Elementary
Middle School: Whitcomb Middle
High School: MHS
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $68,400
Gross Expenses: $11,000
Total Rent: $5,700
Net Income: $68,400
Insurance Cost: $2,000
Sewer Cost: $800
Water Cost: $1,200
 
Additional
Amenities: Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Highway Access, Public School
Disclosure Declaration: Yes
Disclosure: NO ONE TO WALK PROPERTY WITHOUT AN APPOINTMENT. ALL UNITS RENTED. Both buildings treated for termites/ 8yrs left on guarantee, see attached invoices. Expenses are estimated from owner. Listing Agent makes no warranties/representations as to accuracy of listing info. Buyer/agent to verify all info.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 3 0 1 1 0 Yes 2 $2,250
Unit 2 6 2 0 2 1 0 Yes 1 $1,750
Unit 3 6 2 0 1 1 0 Yes 1 $1,700
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Oven - ENERGY STAR, Microwave, Washer, Dryer, Refrigerator - ENERGY STAR  Heating:  Hot Water Radiators, Gas, Individual, Unit Control  Interior:  Hardwood Floors, Picture Window, Cable TV Available, Balcony/Deck  Rooms:  Living Room, Dining Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Oven - ENERGY STAR, Washer, Dryer, Refrigerator - ENERGY STAR  Heating:  Hot Water Radiators, Gas, Individual, Unit Control  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Picture Window, Ceiling Fans, Walk-Up Attic, Cable TV Available, Pantry, Storage, Balcony/Deck, Tile Floor  Rooms:  Living Room, Dining Room, Kitchen, Laundry, Office/Den 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Oven - ENERGY STAR, Washer, Dryer, Refrigerator - ENERGY STAR  Heating:  Hot Water Radiators, Gas, Individual, Unit Control  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Wall to Wall Carpet, Picture Window, Ceiling Fans, Cable TV Available, Pantry, Storage, Balcony/Deck, Tile Floor  Rooms:  Living Room, Dining Room, Kitchen 
Map
Area Sales
Similar Listings
The listing office is Realty Executives Boston West and the listing agent is Dan Young. 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.
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