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11 Washington St, North Reading MA 01864

$899,900

Estimated $2,190/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $449,950

Total Rent: 72000/year

Estimated CAP Rate:

6 Bedrooms

Baths

2570

Total Parking: 10 (2 Garage)

14,375 (0.33)

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 95 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

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 Tax8769

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

Total Gross Income (Calculated)$72,000

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 11 Washington St, North Reading MA 01864

Listing ID73218429

Property TypeMulti Family / 2 Family

Price899900 ($350.16/SqFt)

Style2 Family - 2 Units Up/down

CityNorth Reading

CountyMiddlesex

Neighborhood(s)Ipswich

Approximate Living Area Total2570

Approximate Lot Size (Acres)0.33

Total Parking10 (2 Garage)

Garage Parking2

Year Built1925

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPrivate Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Area0

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 11 Washington St, North Reading MA 01864

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBar Top In Shed Is Custom And Is Not Included

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation1%

Compensation Based OnNet Sale Price

Financial Information for 11 Washington St, North Reading MA 01864

Real Estate Taxes8769

Tax Year2024

Assessed Value$663,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 11 Washington St, North Reading MA 01864

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 11 Washington St, North Reading MA 01864

Agent

Name: Giselle Pajazetovic

Office

Name: Pajazetovic & Company

Phone: 978-409-1407

Payment Calculator

, Interest

Property Taxes 730.75

Principal & Interest 5544.9

HOA Dues

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