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Canceled

1264-1266 Main Street, Concord MA 01742

$649,000

Estimated $1,752.10/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $324,500

Total Rent: 0/year

Estimated CAP Rate: -1.29%

3 Bedrooms

1 Full Baths

2,604 SqFt

Total Parking: 4

3,750 SqFt

Tremendous investment opportunity in the heart of West Concord Village just steps from the commuter rail to Cambridge and Boston. Currently zoned as a mixed use property with offices and one residential unit but Zoning Board of Appeals approval in hand for conversion to two residential townhouses. Other options, like additional office or residential units could be feasible but would require additional town approvals. Four parking spaces behind the building. Three story building with a large unfinished basement is in need of complete renovation but offers significant upside to investors. What is your highest and best use in this most desirable location?

This home has been viewed 24 times

Last Checked: May 7th, 2024 at 12:50am (Source: MLS PIN #73065207)

Gross Income: $0

Gross Expenses: $8,397

Net Income Calc: $8,397

CAP Rate: -1.29%

Annual Expenses for 1264-1266 Main Street, Concord MA 01742

Total Gross Expenses (Calculated)$8,397/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,397

Annual Income & Unit Breakdown for 1264-1266 Main Street, Concord MA 01742

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit3

HeatingNo

Rent Includes

General Information for 1264-1266 Main Street, Concord MA 01742

Listing ID73065207

Property TypeMulti Family

Price$649,000 ($249.23/SqFt)

StyleMulti Family

CityConcord

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,604 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking4

Garage Parking

Year Built1906

Year Built SourceOwner

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningMixed Use

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 1264-1266 Main 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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 1264-1266 Main Street, Concord MA 01742

Real Estate Taxes$8,397

Tax Year2022

Assessed Value$568,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.29%

Location Information for 1264-1266 Main Street, Concord MA 01742

Elementary SchoolThoreau

Middle SchoolPeabodysanborn

High SchoolConcordcarlisle

Neighborhood(s)

MLS Area

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

Contact Information for 1264-1266 Main Street, Concord MA 01742

Agent

Name: The Ridick Revis Group

Office

Name: Compass

Phone: 351-207-1153

Team Members

Name: Chris Ridick

Phone: 617-593-3492

Payment Calculator

, Interest

Property Taxes 699.75

Principal & Interest 3998.93

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

The Ridick Revis Group

Agent Phone

Office Phone

(351) 207-1153

Text Agent Call Agent Call Office

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EXIT