Overview Property Details Payment Calculator Walkability

Closed

29-31 Fayette Street, Newton MA 02458

$1,800,000

Estimated $3,876.19/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $450,000

Total Rent: 84000/year

Estimated CAP Rate: 4.03%

4 Bedrooms

4 Full Baths

4,494 SqFt

Total Parking: 6

4,401 SqFt

Wonderful investment opportunity! Check out this “turn-key” FOUR-FAMILY home, located in Newton Corner. All four units have been updated throughout, offering: newer kitchens with granite countertops & shaker styled cabinetry, bathrooms, newer cosmetics such as paint/wood...

This home has been viewed 22 times

Last Checked: May 7th, 2024 at 5:21am (Source: MLS PIN #73083618)

Gross Income: $84,000

Gross Expenses: $11,490

Net Income Calc: $72,510

CAP Rate: 4.03%

Annual Expenses for 29-31 Fayette Street, Newton MA 02458

Total Gross Expenses (Calculated)$11,490/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,490

Annual Income & Unit Breakdown for 29-31 Fayette Street, Newton MA 02458

Total Gross Income (Calculated)$84,000

Unit 1

Rental Income$1,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,100

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,950

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$1,950

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 29-31 Fayette Street, Newton MA 02458

Listing ID73083618

Property TypeMulti Family / 4 Family

Price$1,800,000 ($400.53/SqFt)

Style4 Family - 4 Units Up/down

CityNewton

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,494 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking6

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningMR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 29-31 Fayette Street, Newton MA 02458

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosuresquare footage est. buyer to do own due diligence

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$72,000

Total Net Income By Broker$72,000

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 29-31 Fayette Street, Newton MA 02458

Real Estate Taxes$11,490

Tax Year2023

Assessed Value$1,128,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$72,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$72,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.03%

Location Information for 29-31 Fayette Street, Newton MA 02458

Elementary SchoolLincoln Eliot

Middle SchoolBigelow

High SchoolNewton North

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Private School

Contact Information for 29-31 Fayette Street, Newton MA 02458

Agent

Name: Leah & Maureen Realty Group

MLS ID: TM333520

Office ID: AN4103

Office

Name: RE/MAX Preferred Properties

MLS Office ID: AN4103

Phone: 617-969-0676

Team Members

Name: Maureen Kelly Fromm

MLS ID: CN220563

Office ID: AN4103

National Association ID: 449589974

Phone: 781-214-0565

City: Needham

State: MA

Name: Leah Rossi

MLS ID: CN214544

Office ID: AN4103

Phone: 617-312-4481

City: Newton

State: MA

Payment Calculator

$12,048.53 per month

30 Years Fixed, 6.75% Interest

Property Taxes $957.50

Principal & Interest $11,091.03

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Preferred Properties

Leah & Maureen Realty Group

Agent Phone

Office Phone

(617) 969-0676

Text Agent Call Agent Call Office

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EXIT

Closed

29-31 Fayette Street, Newton MA 02458

$1,800,000

Annual Expenses for 29-31 Fayette Street, Newton MA 02458

Annual Income & Unit Breakdown for 29-31 Fayette Street, Newton MA 02458

General Information for 29-31 Fayette Street, Newton MA 02458

Disclosures for 29-31 Fayette Street, Newton MA 02458

Financial Information for 29-31 Fayette Street, Newton MA 02458

Location Information for 29-31 Fayette Street, Newton MA 02458

Contact Information for 29-31 Fayette Street, Newton MA 02458

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Leah & Maureen Realty Group