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Canceled

487 Lincoln St, Marlborough MA 01742

$2,900,000

Estimated $13,962/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $322,222.22

Total Rent: 58200/year

Estimated CAP Rate:

11 Bedrooms

Baths

8290

Total Parking: 19

20,038 (0.46)

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 38 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

Water Views

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 Tax111111

Annual Income & Unit Breakdown for 487 Lincoln St, Marlborough MA 01742

Total Gross Income (Calculated)$58,200

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 487 Lincoln St, Marlborough MA 01742

Listing ID73114983

Property TypeMulti Family / 5+ Family

Price2900000 ($349.82/SqFt)

Style5-9 Family

CityMarlborough

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total8290

Approximate Lot Size (Acres)0.46

Total Parking19

Garage Parking0

Year Built2023

Year Built SourceBuilder

Year Built DetailsActual,Renovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningCOM

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 487 Lincoln St, Marlborough MA 01742

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsAll Basement Shelves & Tv. Kitch Mirror & Musical Clock.1st Fl Lr Tv. Dartboard. Shelves In Dr.

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

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 487 Lincoln St, Marlborough MA 01742

Real Estate Taxes111111

Tax Year2023

Assessed Value$11,111

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 487 Lincoln St, Marlborough MA 01742

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 487 Lincoln St, Marlborough MA 01742

Agent

Name: The Commonwealth Group

Office

Name: Advisors Living - Wellesley

Phone: 781-235-4245

Payment Calculator

, Interest

Property Taxes 9259.25

Principal & Interest 17868.88

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Advisors Living - Wellesley

The Commonwealth Group

Agent Phone

Office Phone

(781) 235-4245

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Canceled

487 Lincoln St, Marlborough MA 01742

$2,900,000

Annual Expenses for 487 Lincoln St, Marlborough MA 01742

Annual Income & Unit Breakdown for 487 Lincoln St, Marlborough MA 01742

General Information for 487 Lincoln St, Marlborough MA 01742

Disclosures for 487 Lincoln St, Marlborough MA 01742

Financial Information for 487 Lincoln St, Marlborough MA 01742

Location Information for 487 Lincoln St, Marlborough MA 01742

Contact Information for 487 Lincoln St, Marlborough MA 01742

Agent

Office

Payment Calculator

Exclusive Listing Agent

Advisors Living - Wellesley

The Commonwealth Group