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Closed

83 Cedar Street, Wakefield MA 01880

$800,000

Estimated $2,090.70/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $400,000

Total Rent: 21300/year

Estimated CAP Rate: 1.47%

4 Bedrooms

3 Full Baths

2,856 SqFt

Total Parking: 6

16,400 SqFt

Beautifully updated West side two family home available. This home has a large, level lot, lots of off street parking, is just .3 miles from the commuter rail and downtown Wakefield and both units have been updated. The first floor unit is occupied by model tenants and they would like to stay. This unit has high ceilings, hardwood floors, and updated kitchen with granite counters and gas cooking. There is a deck off the back of this unit. The second floor unit is two levels and has a beautiful updated kitchen with granite counters and stainless appliances, two full updated bathrooms, in unit laundry and three good sized bedrooms. This unit also has a deck off the kitchen overlooking the large yard. Close to Lake Quannapowitt and all that downtown Wakefield has to offer. Showings start at the OH Saturday 4.15.23 from 1-3pm and Sunday 4.16.23 from 1-3. Offers, if any, will be reviewed Tuesday 4.18.23 at noon.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 6:36am (Source: MLS PIN #73098570)

Gross Income: $21,300

Gross Expenses: $9,522

Net Income Calc: $11,778

CAP Rate: 1.47%

Annual Expenses for 83 Cedar Street, Wakefield MA 01880

Total Gross Expenses (Calculated)$9,522/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,522

Annual Income & Unit Breakdown for 83 Cedar Street, Wakefield MA 01880

Total Gross Income (Calculated)$21,300

Unit 1

Rental Income$1,775

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water)

General Information for 83 Cedar Street, Wakefield MA 01880

Listing ID73098570

Property TypeMulti Family / 2 Family

Price$800,000 ($280.11/SqFt)

Style2 Family - 2 Units Up/down

CityWakefield

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,856 SqFt

Approximate Lot Size (Acres)0.38 acres

Total Parking6

Garage Parking

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 83 Cedar Street, Wakefield MA 01880

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$21,300

Total Net Income By Broker$21,300

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 83 Cedar Street, Wakefield MA 01880

Real Estate Taxes$9,522

Tax Year2023

Assessed Value$811,800

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$21,300

BostonRealEstate.com Gross Income

Total Net Income By Broker$21,300

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.47%

Location Information for 83 Cedar Street, Wakefield MA 01880

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Park, Laundromat, Public Transportation, Tennis Court(s)

Contact Information for 83 Cedar Street, Wakefield MA 01880

Agent

Name: The Piracini Group

Office

Name: Compass

Phone: 617-752-6845

Team Members

Name: Daniel Piracini

Phone: 617-933-8895

Name: Susan Piracini

Phone: 781-475-2475

Payment Calculator

, Interest

Property Taxes 793.5

Principal & Interest 4929.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

The Piracini Group

Agent Phone

Office Phone

(617) 752-6845

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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EXIT