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Closed

53 John St, Reading MA 01867

$699,900

Estimated $1,839.19/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,950

Total Rent: 44940/year

Estimated CAP Rate: 5.21%

4 Bedrooms

2 Full Baths

1,944 SqFt

Total Parking: 3

4,630 SqFt

A charming two-family home in the heart of Reading, situated in a walkable neighborhood with a location that's hard to beat. This delightful property is just a few steps from the downtown area, commuter rail stop, nearby parks, schools, and local markets. The two spacious units have been lovingly maintained for years by the same family, with beautiful hardwood and vinyl flooring. Each unit boasts a cozy living room, an eat-in kitchen, two comfortable bedrooms, and a bathroom. There are also separate utilities for electricity, gas heat, and laundry hook-ups ensuring maximum convenience. Step outside into the well-cared-for backyard featuring stunning hydrangeas that create a serene environment. Currently, both units are rented out to happy tenants providing the perfect opportunity for anyone who wants to invest in property and looking for help with mortgage payments. Attend one of the weekend Open Houses and experience all that this property has to offer.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 5:56am (Source: MLS PIN #73098692)

Gross Income: $44,940

Gross Expenses: $8,451

Net Income Calc: $36,489

CAP Rate: 5.21%

Annual Expenses for 53 John St, Reading MA 01867

Total Gross Expenses (Calculated)$8,451/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,451.66

Annual Income & Unit Breakdown for 53 John St, Reading MA 01867

Total Gross Income (Calculated)$44,940

Unit 1

Rental Income$1,845

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$1,900

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

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

General Information for 53 John St, Reading MA 01867

Listing ID73098692

Property TypeMulti Family

Price$699,900 ($360.03/SqFt)

StyleMulti Family

CityReading

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,944 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking3

Garage Parking

Year Built1800

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningS15

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 53 John St, Reading MA 01867

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$45,300

Total Net Income By Broker$45,300

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation2%%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 53 John St, Reading MA 01867

Real Estate Taxes$8,451.66

Tax Year2023

Assessed Value$583,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$45,300

BostonRealEstate.com Gross Income

Total Net Income By Broker$45,300

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.21%

Location Information for 53 John St, Reading MA 01867

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Laundromat, Public Transportation, Private School

Contact Information for 53 John St, Reading MA 01867

Agent

Name: Annette Gregorio

Office

Name: Leading Edge Real Estate

Phone: 781-979-0100

Team Members

Name: Christopher King

Phone: 781-254-2293

Payment Calculator

, Interest

Property Taxes 704.31

Principal & Interest 4312.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Leading Edge Real Estate

Annette Gregorio

Agent Phone

Office Phone

(781) 979-0100

Text Agent Call Agent Call Office

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EXIT