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Expired

19 Central Street, 16 Day Street, Norwood MA 02062

$1,595,000

Estimated $3,624.53/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $319,000

Total Rent: 87624/year

Estimated CAP Rate: 4.71%

10 Bedrooms

4 Full, 2 Half Baths

6,926 SqFt

Total Parking: 10

12,610 SqFt

Unique investor opportunity to purchase two adjacent properties in the prime central business district of Norwood. 19 Central Street consists of two residential units with 2 bedrooms each located on the second floor (1,884 sf combined). Currently the first floor was built out as office space (2,285 sf) and is ideally suited to be divided into two more residential units. 16 Day Street is a classic up and down two family with identical 2 bedroom units (each 1,314 sf) with formal living and dining rooms with butler's pantry adjacent to the large kitchen with an additional storage pantry. The building has another 1,296 sf of unfinished space in the attic. Plenty of off street parking which can be shared between both buildings. Many possibilities to suit your needs or optimising the buildings to create more cash flow.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 12:56am (Source: MLS PIN #73079929)

Gross Income: $87,624

Gross Expenses: $12,459

Net Income Calc: $75,165

CAP Rate: 4.71%

Annual Expenses for 19 Central Street, 16 Day Street, Norwood MA 02062

Total Gross Expenses (Calculated)$12,459/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,459

Annual Income & Unit Breakdown for 19 Central Street, 16 Day Street, Norwood MA 02062

Total Gross Income (Calculated)$87,624

Unit 1

Rental Income$1,575

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,850

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 3

Rental Income$2,982

Lease

Bedrooms0

Bathrooms2 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$895

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Listing ID73079929

Property TypeMulti Family / 5+ Family

Price$1,595,000 ($230.29/SqFt)

Style5-9 Family

CityNorwood

CountyNorfolk

MLS Area

Neighborhood(s)

Approximate Living Area Total6,926 SqFt

Approximate Lot Size (Acres)0.29 acres

Total Parking10

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Corner Lot

Foundation Area1680

Foundation DescriptionConcrete Perimeter,Stone,Irregular

Accessible Features

Outdoor Space

ZoningGeneral

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 19 Central Street, 16 Day Street, Norwood MA 02062

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$97,536

Total Net Income By Broker$97,536

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Real Estate Taxes$12,459

Tax Year2023

Assessed Value$1,207,300

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$97,536

BostonRealEstate.com Gross Income

Total Net Income By Broker$97,536

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.71%

Location Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Private School, Sidewalks

Contact Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Agent

Name: Peter Cwieka

Office

Name: RE/MAX Distinct Advantage

Phone: 781-326-9200

Payment Calculator

, Interest

Property Taxes 1038.25

Principal & Interest 9827.88

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Distinct Advantage

Peter Cwieka

Agent Phone

Office Phone

(781) 326-9200

Text Agent Call Agent Call Office

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EXIT

Expired

19 Central Street, 16 Day Street, Norwood MA 02062

$1,595,000

Annual Expenses for 19 Central Street, 16 Day Street, Norwood MA 02062

Annual Income & Unit Breakdown for 19 Central Street, 16 Day Street, Norwood MA 02062

General Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Disclosures for 19 Central Street, 16 Day Street, Norwood MA 02062

Financial Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Location Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Contact Information for 19 Central Street, 16 Day Street, Norwood MA 02062

Agent

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Peter Cwieka