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Closed

55-57 Davis Rd, Belmont MA 02478

$1,200,000

Estimated $2,976.86/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $600,000

Total Rent: 33600/year

Estimated CAP Rate: 1.77%

5 Bedrooms

2 Full Baths

2,762 SqFt

Total Parking: 4 (2 Garage)

4,449 SqFt

Move right in to this thoughtfully updated two family home w/new kitchen (2023), new roof (2023) and convenient garage parking. Unit 2 consists of the top two floors and features a spacious living room w/lots of windows, a shiny new kitchen w/custom cabinetry, stone counters with an island, new SS appliances & induction range w/vent hood (and yes, it vents externally).There are also 2 bedrooms, a full bath and sunroom on this level. The top floor has a bedroom w/additional room which might be perfect as an office/nursery etc. Unit 1 is currently leased until 2/29/24 at $2800/mo. This unit also has its own sunroom (unheated) w/shared direct access to the fenced yard. Laundry located in basement, 4 parking spaces split between the units (2 garage spaces & 2 driveway spaces directly behind them). Close to Waverley Sq. commuter rail, Belmont center and buses to Harvard Sq. making it the perfect location for commuters.Energy efficiency upgrades: 2016 Blown in insulation and all new window.

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 4:16am (Source: MLS PIN #73095376)

Gross Income: $33,600

Gross Expenses: $12,372

Net Income Calc: $21,228

CAP Rate: 1.77%

Annual Expenses for 55-57 Davis Rd, Belmont MA 02478

Total Gross Expenses (Calculated)$12,372/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$12,372.88

Annual Income & Unit Breakdown for 55-57 Davis Rd, Belmont MA 02478

Total Gross Income (Calculated)$33,600

Unit 1

Rental Income$2,800

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 55-57 Davis Rd, Belmont MA 02478

Listing ID73095376

Property TypeMulti Family

Price$1,200,000 ($434.47/SqFt)

StyleMulti Family

CityBelmont

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,762 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking4 (2 Garage)

Garage Parking2 / Detached

Year Built1937

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

Zoningres

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 55-57 Davis Rd, Belmont MA 02478

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosuremeasured square footage includes both sunrooms. Un

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$33,600

Total Net Income By Broker$33,600

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 55-57 Davis Rd, Belmont MA 02478

Real Estate Taxes$12,372.88

Tax Year2023

Assessed Value$1,086,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.77%

Location Information for 55-57 Davis Rd, Belmont MA 02478

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Park, Public Transportation, T-station, Private School

Contact Information for 55-57 Davis Rd, Belmont MA 02478

Agent

Name: Currier, Lane & Young

Office

Name: Compass

Phone: 617-303-0067

Team Members

Name: Spencer Lane

Phone: 617-872-0030

Payment Calculator

, Interest

Property Taxes 1031.07

Principal & Interest 7394.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Currier, Lane & Young

Agent Phone

Office Phone

(617) 303-0067

Text Agent Call Agent Call Office

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

[19] => Array
                (
                    [id] => 7206216
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&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] => 7206217
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[21] => Array
                (
                    [id] => 7206218
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[22] => Array
                (
                    [id] => 7206219
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[23] => Array
                (
                    [id] => 7206220
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[24] => Array
                (
                    [id] => 7206221
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[25] => Array
                (
                    [id] => 7206222
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[26] => Array
                (
                    [id] => 7206223
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[27] => Array
                (
                    [id] => 7206224
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[28] => Array
                (
                    [id] => 7206225
                    [name] => MLS29.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

[29] => Array
                (
                    [id] => 7206226
                    [name] => MLS30.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73095376&w=1024&h=768&n=30
                    [index] => 30
                    [enabled] => 1
                    [created] => 2024-05-07 04:16:27
                    [modified] => 2024-05-07 04:16:27
                )

)

)

EXIT