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Closed

47-49 Gardner St, Newton MA 02458

$1,050,000

Estimated $2,402.32/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $525,000

Total Rent: 57600/year

Estimated CAP Rate: 4.69%

5 Bedrooms

2 Full Baths

2,352 SqFt

Total Parking: 5 (2 Garage)

4,062 SqFt

Excellent opportunity coupled with unlimited financial potential. Seeking investors, homeowner's and renovators alike. First chance to purchase and restore to beauty this 1920's multi family residence. Upside investment for those with vision and creative flair. Home is desirably and conveniently located in the bustling village of Newton Corner. Offering yesteryear's charm on a suburban Newton street with similar homes and warm community feel. 2/3 bedroom units, 2 car garage under, HW throughout, laundry, porch, full basement for storage. Commuter's suburban dream location. Both walkable and bikeable in addition to easy access routes to Mass. Pike, Storrow Drive, BC, finest Cambridge and Boston Universities and excellent Newton schools. Bonus....Charming Nonantum and West Newton Villages with abundant shopping and restaurants at your doorstep. Possible condo conversion. Bring your bids and ideas. Won't last at this competitive price!

This home has been viewed 29 times

Last Checked: May 7th, 2024 at 4:16am (Source: MLS PIN #73087549)

Gross Income: $57,600

Gross Expenses: $8,397

Net Income Calc: $49,203

CAP Rate: 4.69%

Annual Expenses for 47-49 Gardner St, Newton MA 02458

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 47-49 Gardner St, Newton MA 02458

Total Gross Income (Calculated)$57,600

Unit 1

Rental Income$2,200

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$2,600

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

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

General Information for 47-49 Gardner St, Newton MA 02458

Listing ID73087549

Property TypeMulti Family / 2 Family

Price$1,050,000 ($446.43/SqFt)

Style2 Family - 2 Units Up/down

CityNewton

CountyMiddlesex

MLS AreaNewton Corner

Neighborhood(s)

Approximate Living Area Total2,352 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking5 (2 Garage)

Garage Parking2 / Detached

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningMR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 47-49 Gardner St, Newton MA 02458

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$26,400

Total Net Income By Broker$26,400

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 47-49 Gardner St, Newton MA 02458

Real Estate Taxes$8,397

Tax Year2023

Assessed Value$824,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$26,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$26,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.69%

Location Information for 47-49 Gardner St, Newton MA 02458

Elementary SchoolLincoln-Eliot

Middle SchoolBigelow

High SchoolNewton North

Neighborhood(s)

MLS AreaNewton Corner

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University

Contact Information for 47-49 Gardner St, Newton MA 02458

Agent

Name: Bill Skerry

Office

Name: Keller Williams Realty

Phone: 617-969-9000

Payment Calculator

, Interest

Property Taxes 699.75

Principal & Interest 6469.77

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Bill Skerry

Agent Phone

Office Phone

(617) 969-9000

Text Agent Call Agent Call Office

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                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[19] => Array
                (
                    [id] => 7206155
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73087549&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[20] => Array
                (
                    [id] => 7206156
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73087549&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

)

)

EXIT