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11 Washington St, North Reading MA 01864

$899,900

Estimated $2,189.93/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $449,950

Total Rent: 72000/year

Estimated CAP Rate: 7.03%

6 Bedrooms

2 Full Baths

2,570 SqFt

Total Parking: 10 (2 Garage)

14,375 SqFt

This multi-family offers a rare opportunity for both owner-occupied or as an investment property. Situated on a spacious .33 acre lot, the property features a 2 car garage/barn providing additional covered parking or storage. Each unit has separate utilities, gas heating systems, and hot water. The flooring is a mixtures of hardwood floors and laminate. Both units boast spacious and charming eat-in kitchens with gas cooking, butlers pantry, and laundry areas. Unit 2 has two levels with newly painted bedrooms on the 3rd floor. The property also includes charming front and side porches. All appliances will remain in the property. Conveniently located near North Reading High school, Middle school, performing arts center, stores, park, restaurants, post office, and coffee shops. The property is move-in ready and offers the opportunity to be personalized with your own updates. Unit 1 can be delivered vacant. This is a must-see property with great potential!

This home has been viewed 80 times

Last Checked: June 13th, 2024 at 4:18am (Source: MLS PIN #73218429)

Gross Income: $72,000

Gross Expenses: $8,769

Net Income Calc: $63,231

CAP Rate: 7.03%

Annual Expenses for 11 Washington St, North Reading MA 01864

Total Gross Expenses (Calculated)$8,769/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,769

Annual Income & Unit Breakdown for 11 Washington St, North Reading MA 01864

Total Gross Income (Calculated)$72,000

Unit 1

Rental Income$2,500

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$3,500

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water)

General Information for 11 Washington St, North Reading MA 01864

Listing ID73218429

Property TypeMulti Family / 2 Family

Price$899,900 ($350.16/SqFt)

Style2 Family - 2 Units Up/down

CityNorth Reading

CountyMiddlesex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,570 SqFt

Approximate Lot Size (Acres)0.33 acres

Total Parking10 (2 Garage)

Garage Parking2 / Detached

Year Built1925

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area0

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesVaries per Unit

Terms

Disclosures for 11 Washington St, North Reading MA 01864

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureAll info on MLS is for informational purposes only

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$30,000

Total Net Income By Broker$30,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 11 Washington St, North Reading MA 01864

Real Estate Taxes$8,769

Tax Year2024

Assessed Value$663,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$30,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$30,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.03%

Location Information for 11 Washington St, North Reading MA 01864

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, Private School

Contact Information for 11 Washington St, North Reading MA 01864

Agent

Name: Giselle Pajazetovic

Office

Name: Pajazetovic & Company

Phone: 978-409-1407

Team Members

Name: Sladic Pajazetovic

Phone: 617-785-6251

Payment Calculator

, Interest

Property Taxes 730.75

Principal & Interest 5544.9

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Pajazetovic & Company

Giselle Pajazetovic

Agent Phone

Office Phone

(978) 409-1407

Text Agent Call Agent Call Office

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EXIT