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Closed

364-366 Massachusetts Ave, Lexington MA 02420

$1,095,000

Estimated $2,625.37/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $547,500

Total Rent: 74400/year

Estimated CAP Rate: 5.86%

4 Bedrooms

2 Full Baths

1,908 SqFt

Total Parking: 3 (1 Garage)

10,320 SqFt

Open house cancelled !!! This two family is a great and rare opportunity.Both units feature a bright and spacious family room, dining room, and fully-equipped kitchen with granite countertops. The upper level includes two bedrooms and a full bathroom with tub. The property has refinished hardwood floors. One unit has a under ground parking, and the other offers a finished playroom / office. Separate utilities include gas heat, hot water, and laundry hook-up. The backyard patio is perfect for entertaining. The property is conveniently located near Minuteman Bikeway, Great Meadows Conservation, schools, shops, major routes, and MBTA transportation. Don't miss out on the chance to see this home!

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 5:51am (Source: MLS PIN #73088190)

Gross Income: $74,400

Gross Expenses: $10,198

Net Income Calc: $64,202

CAP Rate: 5.86%

Annual Expenses for 364-366 Massachusetts Ave, Lexington MA 02420

Total Gross Expenses (Calculated)$10,198/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,198

Annual Income & Unit Breakdown for 364-366 Massachusetts Ave, Lexington MA 02420

Total Gross Income (Calculated)$74,400

Unit 1

Rental Income$3,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

Unit 2

Rental Income$3,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent Includes

General Information for 364-366 Massachusetts Ave, Lexington MA 02420

Listing ID73088190

Property TypeMulti Family / 2 Family

Price$1,095,000 ($573.9/SqFt)

Style2 Family - 2 Units Side By Side

CityLexington

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,908 SqFt

Approximate Lot Size (Acres)0.24 acres

Total Parking3 (1 Garage)

Garage Parking1 / Detached

Year Built1958

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Stone

Lot Features

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningRS

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 364-366 Massachusetts Ave, Lexington MA 02420

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosureinclude finished area in the lower level

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$69,600

Total Net Income By Broker$69,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 364-366 Massachusetts Ave, Lexington MA 02420

Real Estate Taxes$10,198

Tax Year2022

Assessed Value$739,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$69,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$69,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.86%

Location Information for 364-366 Massachusetts Ave, Lexington MA 02420

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 364-366 Massachusetts Ave, Lexington MA 02420

Agent

Name: Alina Wang

Office

Name: Coldwell Banker Realty - Lexington

Phone: 781-862-2600

Payment Calculator

, Interest

Property Taxes 849.83

Principal & Interest 6747.04

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Lexington

Alina Wang

Agent Phone

Office Phone

(781) 862-2600

Text Agent Call Agent Call Office

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EXIT