Listing ID73114109
Price$1,100,000
StatusActive
Bedrooms4
Total Baths4
Full Baths4
SqFt
2,360
Acres
0.260
CountyMiddlesex
Year Built1886
Property TypeResidential Income
Property Sub Type2 Family - 2 Units Up/Down
This multi-family home is a rare find in Lexington, offering a great investment and rental income opportunity. The property is comprised of two separate units, offering an unbeatable location abutting the Minuteman Bike Path and within walking distance of the town center. The property is located within a Business Neighborhood zone and has an open basement that may be used in accordance with the Zoning By-Law. The home offers a total of 2,360 square feet including the finished area of the lower level, with 4 bedrooms and 4 full bathrooms. (2 bedrooms in Unit 1 and 2 bedrooms in Unit 2. Unit 2 offers 2 Full Bathrooms. There is an additional full bathroom in the basement). Both units are currently rented as residential units through April and August of 2024. A long and wide driveway along the side of the home provides 8 off-street parking spaces in addition to the oversized two-car garage with 20’ ceilings at the rear of the property. Close to bus routes and highway access.
County
Middlesex
Property Sub Type
2 Family - 2 Units Up/Down
Property Type
Residential Income
Year Built
1886
Appliances
Washer, Dryer, Unit 1(Range,Dishwasher,Disposal,Refrigerator,Vent Hood), Unit 2(Range,Dishwasher,Microwave,Refrigerator), Gas Water Heater,Tank Water Heater
Basement
Finished, Walk-Out Access, Interior Entry, Garage Access
Bathrooms Total Decimal
4
Building Area Units
Square Feet
Cooling
1
Cooling Type
Unit 1(Window AC), Unit 2(Window AC)
Flooring
Tile,Carpet,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Stone/Ceramic Tile Floor)
Heating
1
Heating Type
Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas)
Interior Features
Unit 1(Ceiling Fans,Bathroom With Tub & Shower,Slider), Unit 2(Bathroom With Tub & Shower,Slider), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
Laundry Features
Laundry Room
Living Area
2360
Rooms Total
10
Stories Total
3
Construction Materials
Frame
Covered Spaces
2
Electric
Circuit Breakers
Exterior Features
Balcony, Professional Landscaping, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
Farm Land Area Units
Square Feet
Foundation Details
Stone
Garage
1
Garage Spaces
2
Lot Features
Level
Lot Size Area
0.26
Lot Size Square Feet
11127
Lot Size Units
Acres
Number Of Units Total
2
Parking Features
Off Street
Parking Total
8
Road Frontage Type
Public
Roof
Shingle
Sewer
Public Sewer
Water Source
Public
Building Area Source
Measured
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Public School
Country
US
Directions
Bedford Street abutting Minuteman Bike Path
Elementary School
School Board
High School
Lexington Hs
Middle Or Junior School
Diamond Ms
Waterfront
no
Zoning
ND
Certificate Number
000000216151
Color
Red
FLRS 2
2
Green Energy Efficient
Thermostat
Lead Paint
Unknown
Levels 1
2
Levels 2
1
Listing Alert
No
Mls Status
New
FLRS 1
1
Offline List Number
3586902
Page
33
SqFt Disclosures
Includes finished area in lower level
SqFt Includes Basement
Yes
Year Built Details
Actual
Year Built Source
Public Records
Buyer Agency Compensation
2.5
Compensation Based On
Gross/Full Sale Price
Disclosure
N
Disclosures
The property is being sold "as-is.". Buyers are advised to conduct their own due diligence. The property features a new high-efficiency gas boiler and water heater.
Down Payment Resource
No
Gross Income
57600
Lease 1
Y
Lease 2
Y
List Price Per SqFt
466.1
Net Operating Income
57600
Price Per SqFt
466.1
Rent Includes
Unit 1(Heat,Gas,Water,Hot Water), Unit 2(Heat,Gas,Hot Water)
Sub Agency Offered
No
Tax Annual Amount
12259
Tax Assessed Value
943000
Tax Book Number
78813
Tax Year
2023
Total Actual Rent
4800
Transaction Broker Compensation
2.5
© 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 73114109
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