Karen McKiernan - Metrowest Realtor

344 BISHOP ST, Framingham, MA 01702  

Multi-Family
$589,000
Price
3
Units
2,012
Approx. GLA
Great opportunity to purchase a mixed use residential/commercial 3 family w/ a 2 car detached garage in Framingham close to the Natick town line. This is the first time this property has been on the market in many years. The commercial space is about 325 sq ft (see photos 11-14) and has been a long term barber shop operated by the owner. There is a 1st floor 1 bedroom apartment (see photos 3-9) and a 2nd floor 2 bedroom apartment (see photos 18-27). There is a full, unfinished basement with mechanicals and laundry hook-ups for each apartment. There is a detached 2 car garage each tenant uses as well as a driveway that can fit 4 cars. Nice corner lot with great exposure for yours, or tenants commercial business. Units could all be updated which would generate a greater monthly income for each unit and therefore a greater net income on your investment.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Walk Out, Interior Access, Sump Pump
List Price: $589,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Active
Beds: 3
Baths: 2
Half Baths: 1
Units: 3
Year Built: 1932
Approx. GLA: 2,012
MLS#: 72737806
 
 
Interior
Basement: Yes
Cooling Units: 1
Cooling Zones: 1
Electricity Cost: $226
Electric Features: Common, Individually Metered, 400 Amps
Heating Units: 3
Heating Zones: 3
Flooring: Wall to Wall Carpet, Laminate
Hot Water: Natural Gas
Rooms: 10
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Acres: 0.11
Lot Size: 4,979.00
Lot Description: Corner
Foundation: Poured Concrete
Garage Spaces: 2
Parking Spaces: 4
Parking Features: Off-Street
Road Type: Public
Color: White
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Electric Range, for Electric Dryer, Washer Hookup
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Sewage District: MWRA
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $343,500
Taxes: $5,146
Tax Year: 2020
Book/Page: 29047/53
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $43,200
Gross Expenses: $2,726
Total Rent: $2,800
Net Income: $43,200
Insurance Cost: $1,590
R&M Cost: $220
Water Cost: $807
Misc. Cost: $690
Additional
Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Disclosure Declaration: Yes
Disclosure: Also listed as Commercial property. SEE MLS #72743358. Gross income is residential rents plus projected commercial space rent. 1st floor apartment tenant has lease through September 2021. 2nd floor tenant is at-will. Commercial space is vacant. Garage has no door. House being sold "as-is"
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 1 0 0 1 0 1 No 1 $800
Unit 2 4 1 0 1 1 0 Yes 1 $1,200
Unit 3 5 2 0 2 1 0 No 1 $1,600
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  Wall AC, Individual, Unit Control  Heating:  Electric, Individual, Unit Control  Interior:  Studio  Rooms:  Office/Den 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Disposal, Refrigerator  Heating:  Hot Water Radiators, Gas, Individual, Unit Control  Rooms:  Living Room, Kitchen, Office/Den 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Radiators, Gas, Individual, Unit Control  Interior:  Ceiling Fans  Rooms:  Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo, Sunroom 
Map
Area Sales
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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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