CONDO QUALITY ADDITION/NEW CONSTRUCTION! This New 9-unit building is ready to start leasing! 7 spacious 1-bedroom units and 2 2-bedrooms with 18 marked parking spots in the heart of Marlborough are sure to appeal to renters looking for that "new car smell". Built for the long haul, this gem has low-maintenance vinyl siding, individual central heat-a/c, stainless still appliances, tiled bathrooms with glass enclosures, high ceilings, and tall cabinets complemented by beautiful countertops! Pro forma points to over $20k gross monthly income according to seller's estimate. Group showings WED 05/24 from 4:00 to 06:00 PM & THU 05/25 from 12:00 to 2:00 PM.
This home has been viewed 22 times
Last Checked: May 7th, 2024 at 6:36am (Source: MLS PIN #73114983)
Gross Income: $58,200
Gross Expenses: $111,111
Net Income Calc: $52,911
CAP Rate: -1.82%
Beach Front
Annual Expenses for 487 Lincoln St, Marlborough MA 01742
Total Gross Expenses (Calculated)$111,111/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$111,111
Annual Income & Unit Breakdown for 487 Lincoln St, Marlborough MA 01742
Total Gross Income (Calculated)$58,200
Unit 1
Rental Income$2,050
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,800
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 487 Lincoln St, Marlborough MA 01742
Listing ID73114983
Property TypeMulti Family / 5+ Family
Price$2,900,000 ($349.82/SqFt)
Style5-9 Family
CityMarlborough
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total8,290 SqFt
Approximate Lot Size (Acres)0.46 acres
Total Parking19
Garage Parking
Year Built2023
Year Built SourceBuilder
Year Renovated
Year Built DetailsActual,Renovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningCOM
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front
Energy Features
Terms
Disclosures for 487 Lincoln St, Marlborough MA 01742
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureBuyer & Buyers agent responsible to do own due
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$58,200
Total Net Income By Broker$58,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation1
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 487 Lincoln St, Marlborough MA 01742
Real Estate Taxes$111,111
Tax Year2023
Assessed Value$11,111
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$58,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$58,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-1.82%
Location Information for 487 Lincoln St, Marlborough MA 01742
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation
Contact Information for 487 Lincoln St, Marlborough MA 01742