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29-31 Fayette Street, Newton MA 02458

$1,800,000

Estimated $3,876/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $450,000

Total Rent: 84000/year

Estimated CAP Rate:

4 Bedrooms

Baths

4494

Total Parking: 6

4,401 (0.10)

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 flooring, & forced air heating/cooling system(s) operated by gas. Four total gas meters & electricity meters in the property. One water meter & separate hot water tanks. The units are all large one bedroom apartments & mirrored floor plans to one another- two units are located on the first floor and two units are offered on the second floor. Coin-operated laundry can be found in the unfinished basement with additional laundry hook ups. The basement has multiple access points & offers great ceiling height with the potential of finishing, if desired! There are three lease(s) in place and one unit that is month to month. In close proximity to public transportation, public schools, walking trails, highway access, & more!

This home has been viewed 53 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

Water Views

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 Tax11490

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

Total Gross Income (Calculated)$84,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

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

Listing ID73083618

Property TypeMulti Family / 4 Family

Price1800000 ($400.53/SqFt)

Style4 Family - 4 Units Up/down

CityNewton

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total4494

Approximate Lot Size (Acres)0.1

Total Parking6

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningMR2

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 29-31 Fayette Street, Newton MA 02458

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSheds

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation0

Compensation Based OnNet Sale Price

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

Real Estate Taxes11490

Tax Year2023

Assessed Value$1,128,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

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

Elementary SchoolLincoln Eliot

Middle SchoolBigelow

High SchoolNewton North

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

Agent

Name: Leah & Maureen Realty Group

Office

Name: RE/MAX Preferred Properties

Phone: 617-969-0676

Payment Calculator

, Interest

Property Taxes 957.5

Principal & Interest 11091.03

HOA Dues

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

39 More Photos

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

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Preferred Properties

Leah & Maureen Realty Group