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Closed

31-33 Lang Street, Concord MA 01742

$1,465,000

Estimated $3,541.74/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $732,500

Total Rent: 60600/year

Estimated CAP Rate: 3.18%

4 Bedrooms

2 Full, 2 Half Baths

3,002 SqFt

Total Parking: 12 (2 Garage)

14,792 SqFt

BUYERS or INVESTORS TAKE NOTICE! A wonderful opportunity to own a LARGE TWO FAMILY Colonial IN THE HEART OF HISTORICAL CONCORD. The PRIME LOCATION does not get better than this! Let your imagination lead the way! Endless options! COULD ALSO BE CONVERTED TO A SINGLE FAMILY. You’ll have easy access to DOWNTOWN CONCORD CENTER boutiques, restaurants, cafes and more! This rare opportunity is ideal for the investor or the buyer that wants to enjoy home ownership with the added advantage of COLLECTING RENTAL INCOME. Each spacious unit offers 2 bedrooms, 1 1/2 baths, an enclosed porch, hardwood floors & spacious closets. One unit offers air conditioning via mini split and a great 2nd floor sunroom. In addition, the landscaped lot has plenty of parking as well as a detached 2 car garage w/storage. Come quick, this opportunity won’t last long! A RARE FIND CLOSE TO DOWNTOWN CONCORD!

This home has been viewed 39 times

Last Checked: May 6th, 2024 at 11:45pm (Source: MLS PIN #73039170)

Gross Income: $60,600

Gross Expenses: $13,995

Net Income Calc: $46,605

CAP Rate: 3.18%

Annual Expenses for 31-33 Lang Street, Concord MA 01742

Total Gross Expenses (Calculated)$13,995/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$13,995

Annual Income & Unit Breakdown for 31-33 Lang Street, Concord MA 01742

Total Gross Income (Calculated)$60,600

Unit 1

Rental Income$2,150

LeaseY

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$2,900

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingYes

Rent Includes

General Information for 31-33 Lang Street, Concord MA 01742

Listing ID73039170

Property TypeMulti Family

Price$1,465,000 ($488.01/SqFt)

StyleMulti Family

CityConcord

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,002 SqFt

Approximate Lot Size (Acres)0.34 acres

Total Parking12 (2 Garage)

Garage Parking2 / Detached

Year Built1918

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningC

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat

Terms

Disclosures for 31-33 Lang Street, Concord MA 01742

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$60,600

Total Net Income By Broker$60,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 31-33 Lang Street, Concord MA 01742

Real Estate Taxes$13,995

Tax Year2022

Assessed Value$948,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$60,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.18%

Location Information for 31-33 Lang Street, Concord MA 01742

Elementary SchoolAlcott

Middle SchoolCms

High SchoolCchs

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Medical Facility, Bike Path, Public Transportation, T-station, Tennis Court(s)

Contact Information for 31-33 Lang Street, Concord MA 01742

Agent

Name: The Zur Attias Team

Office

Name: The Attias Group, LLC

Phone: 978-371-1234

Team Members

Payment Calculator

, Interest

Property Taxes 1166.25

Principal & Interest 9026.86

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Attias Group, LLC

The Zur Attias Team

Agent Phone

Office Phone

(978) 371-1234

Text Agent Call Agent Call Office

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EXIT