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16-18 Learned Street, Framingham MA 01702

$825,000

Estimated $1,926.15/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $275,000

Total Rent: 67200/year

Estimated CAP Rate: 6.67%

5 Bedrooms

3 Full Baths

3,083 SqFt

Total Parking: 6

5,354 SqFt

TREMENDOUS OPPORTUNITY FOR INVESTOR OR OWNER OCCUPANT! Superb location on a non-busy one-way street for this recently updated three-family home. Separately metered for electricity and natural gas with 3 newer (2018) warm air heating systems and 3 newer (2018) hot water tanks. The newly renovated 3-bedroom townhouse has a kitchen with granite countertops, white Shaker style cabinetry, some new appliances, and new LVT flooring plus a laundry room just off the kitchen with the washer and dryer included. The dining room and living room have refinished hardwood flooring plus ceiling fans and the three bedrooms all have new wall to wall carpeting. The entire unit has been freshly painted. The 2 one-bedroom units have been well maintained and there is some hardwood flooring, LVT flooring and one unit has a granite countertop in the kitchen. There is also plenty of off-street parking. Close to the commuter rail, highways, sports complex, schools, university, parks, restaurants, and shopping.

This home has been viewed 42 times

Last Checked: May 7th, 2024 at 3:26am (Source: MLS PIN #73055864)

Gross Income: $67,200

Gross Expenses: $12,169

Net Income Calc: $55,031

CAP Rate: 6.67%

Water Views

Beach Front

Annual Expenses for 16-18 Learned Street, Framingham MA 01702

Total Gross Expenses (Calculated)$12,169/year

APOD AvailableNo

Heating

Electricity

Water$2,231

Gas$2,231

Insurance$2,877

Sewer$2,231

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,061

Annual Income & Unit Breakdown for 16-18 Learned Street, Framingham MA 01702

Total Gross Income (Calculated)$67,200

Unit 1

Rental Income$3,000

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,300

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,300

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 16-18 Learned Street, Framingham MA 01702

Listing ID73055864

Property TypeMulti Family / 3 Family

Price$825,000 ($267.6/SqFt)

Style3 Family

CityFramingham

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,083 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking6

Garage Parking

Year Built1887

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningP

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach, Lake/pond

Energy Features

Terms

Disclosures for 16-18 Learned Street, Framingham MA 01702

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$5,108

Total Gross Income By Broker$67,200

Total Net Income By Broker$62,092

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 16-18 Learned Street, Framingham MA 01702

Real Estate Taxes$7,061

Tax Year2022

Assessed Value$513,900

Financial Data SourceOwner

Total Gross Expenses By Broker$5,108

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$67,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$62,092

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.67%

Location Information for 16-18 Learned Street, Framingham MA 01702

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, University

Contact Information for 16-18 Learned Street, Framingham MA 01702

Agent

Name: John Pasciuti

Office

Name: RE/MAX One Call Realty

Phone: 508-872-5553

Payment Calculator

, Interest

Property Taxes 588.42

Principal & Interest 5083.39

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX One Call Realty

John Pasciuti

Agent Phone

Office Phone

(508) 872-5553

Text Agent Call Agent Call Office

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EXIT

Closed

16-18 Learned Street, Framingham MA 01702

$825,000

Annual Expenses for 16-18 Learned Street, Framingham MA 01702

Annual Income & Unit Breakdown for 16-18 Learned Street, Framingham MA 01702

General Information for 16-18 Learned Street, Framingham MA 01702

Disclosures for 16-18 Learned Street, Framingham MA 01702

Financial Information for 16-18 Learned Street, Framingham MA 01702

Location Information for 16-18 Learned Street, Framingham MA 01702

Contact Information for 16-18 Learned Street, Framingham MA 01702

Agent

Office

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Exclusive Listing Agent

RE/MAX One Call Realty

John Pasciuti