Situated on tree-lined side street next to Cambridge line, this two-family is a wonderful opportunity for contractors, investors, and/or end users. First floor features updated island kitchen, recessed lighting, and front & back open porches. Second floor has built-in hutch, enclosed front porch and open back porch. Both units feature high ceilings, sunny rooms, spacious closets, and wood flooring. Ideally located in close proximity to public transportation (Alewife train station & Harvard Sq bus stop), Fresh Pond golf course, brand-new Belmont Middle & High School, Fresh Pond Mall, Minuteman bike path and a variety of offices, specialty shops & supermarkets, including Trader Joe's and Whole Foods. Excellent school district. Home is in need of updating/renovations and is being sold "as is."
This home has been viewed 34 times
Last Checked: May 7th, 2024 at 3:36am (Source: MLS PIN #73085532)
Gross Income: $0
Gross Expenses: $11,150
Net Income Calc: $11,150
CAP Rate: -1.27%
Annual Expenses for 5-7 Colby St, Belmont MA 02478
Total Gross Expenses (Calculated)$11,150/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$11,150
Annual Income & Unit Breakdown for 5-7 Colby St, Belmont MA 02478
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
General Information for 5-7 Colby St, Belmont MA 02478
Listing ID73085532
Property TypeMulti Family
Price$875,000 ($414.3/SqFt)
StyleMulti Family
CityBelmont
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,112 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking3
Garage Parking
Year Built1927
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionBlock,Stone
Accessible Features
Outdoor Space
ZoningR
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 5-7 Colby St, Belmont MA 02478
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 Compensation2.5
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 5-7 Colby St, Belmont MA 02478
Real Estate Taxes$11,150
Tax Year2023
Assessed Value$992,000
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)-1.27%
Location Information for 5-7 Colby St, Belmont MA 02478
Elementary SchoolBurbank
Middle SchoolChenery Ms
High SchoolBelmont Hs
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Shopping, Golf, Bike Path, Public Transportation
Contact Information for 5-7 Colby St, Belmont MA 02478
Agent
Name: Frederick Pizzi
Office
Name: Berkshire Hathaway HomeServices Commonwealth Real Estate