Listing ID73111549
Price$1,850,000
StatusActive
Bedrooms7
Total Baths5
Full Baths4
Partial Baths1
SqFt
4,193
Acres
0.270
CountyMiddlesex
Year Built1893
Property TypeResidential Income
Property Sub Type3 Family
Here is a rare opportunity to own a unique 3 Family Home in prime Medford location! A Farmhouse built at the turn of 18th century by a prominent family still standing as built, updated to meet the modern buyers' expectations with 2 income producing units. Owners' unit, with 2200 sq. ft. on 2 floors, with farmers porch & exclusive use of the 2-car garage and private gated side yard will accommodate a growing family and please the most discerning buyer. Property went through major renovations between 2015 - 2023. This property is a gem for an owner occupant as it feels like a Single Family, a sweet deal for an investor as property can fetch 10K+ a month in rent, an opportunity for a developer who wants to do a condominium conversion. Great property for short time rentals/ AIRBNB due to proximity to Tufts University, Cambridge and Boston. 2 units are leased till 8/31/2023. Owners' unit will be delivered vacant at closing. Check attachments for sellers' disclosures & additional information
Half Baths
1
County
Middlesex
Property Sub Type
3 Family
Property Type
Residential Income
Year Built
1893
Appliances
Unit 1(Range,Dishwasher,Disposal,Refrigerator), Unit 2(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 3(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
Basement
Full, Unfinished
Bathrooms Total Decimal
4.5
Building Area Units
Square Feet
Cooling
1
Cooling Type
Unit 2(Wall AC,2 Units), Unit 3(Wall AC,3 or More)
Cooling Units
8
Cooling Zones
8
Fireplace
1
Fireplaces Total
4
Flooring
Tile,Carpet,Varies Per Unit,Hardwood,Stone / Slate,Parquet, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
Heat Units
3
Heating
1
Heating Type
Unit 1(Central Heat,Hot Water Baseboard), Unit 2(Hot Water Radiators,Steam), Unit 3(Hot Water Baseboard)
Interior Features
Unit 1(Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Kitchen,Office/Den)
Laundry Features
Washer Hookup, Unit 2 Laundry Room, Unit 3 Laundry Room
Living Area
4193
Heat Zones
3
Rooms Total
14
Stories Total
5
Construction Materials
Frame
Covered Spaces
2
Door Features
Storm Door(s)
Electric
Circuit Breakers, Individually Metered
Exterior Features
Rain Gutters, Varies per Unit
Farm Land Area Units
Square Feet
Fencing
Fenced/Enclosed, Fenced
Foundation Details
Brick/Mortar
Garage
1
Garage Spaces
2
Lot Features
Corner Lot, Level
Lot Size Area
0.27
Lot Size Square Feet
11850
Lot Size Units
Acres
Number Of Units Total
3
Open Parking
1
Parking Features
Paved Drive, Off Street, Paved
Parking Total
6
Patio And Porch Features
Porch, Patio
Road Frontage Type
Public
Road Responsibility
Public Maintained Road
Road Surface Type
Paved
Roof
Shingle
Sewer
Public Sewer
Utilities
for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Water Source
Public
Building Area Source
Public Records
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, University, Sidewalks
Country
US
Directions
Winthrop St to South St, one way street
Elementary School
Missituk
High School
Medford High
Middle Or Junior School
Mcglynn/Andrews
MLS Area Major
Tufts University
Waterfront
yes
Waterfront Features
Waterfront, Beach Front, River, Frontage, Public, Ocean
Zoning
Res
Certificate Number
000000178347
Color
sage
FLRS 2
3
FLRS 3
1
GRE
4993
Green Energy Efficient
Thermostat, Varies per Unit
Lead Paint
Unknown
Levels 1
2
Levels 2
1
Levels 3
2
Listing Alert
No
Mls Status
Active
FLRS 1
1
Offline List Number
3583387
Page
238
Property Condition
Unit 1 Remodeled
SqFt Includes Basement
No
Team Member
B8001299
UFFI
Unknown
Year Built Details
Approximate
Year Built Source
Public Records
Year Round
Yes
Buyer Agency Compensation
1%
Compensation Based On
Gross/Full Sale Price
Disclosure
Y
Disclosures
2 units are leased until Aug 31, 2023. Sold with Tenants. Tenants expressed interest to renew their leases. Owner's unit ( 102 South St) delivered vacant at closing. Leases and other rental information will be provided after accepted offer. Rents are current, great Tenants, who would like to stay.
Down Payment Resource
No
Financial Data Source
Owner
Gross Income
64200
Insurance Expense
3501
Lease 1
N
Lease 2
Y
Lease 3
Y
List Price Per SqFt
441.21
Net Operating Income
59207
Operating Expense
4993
Price Per SqFt
441.21
Rent Includes
Unit 2(Water), Unit 3(Water)
Sub Agency Offered
No
Tax Annual Amount
11293
Tax Assessed Value
1305500
Tax Book Number
66252
Tax Year
2023
Total Actual Rent
5350
Transaction Broker Compensation
1%
Water Sewer Expense
1492
© 2023 MLS Property Information Network, Inc. (MLSPIN). 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. This information was last updated on Monday, May 22nd, 2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Please contact RE/MAX LEading Edge directly for additional information pertaining to the status and availability of properties displayed on this website.Schedule a Showing - Listing ID 73111549
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