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Expired

59 Myrtle St, Watertown MA 02472

$1,499,000

Estimated $3,430.87/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $749,500

Total Rent: 78000/year

Estimated CAP Rate: 3.98%

6 Bedrooms

3 Full Baths

2,517 SqFt

Total Parking: 4

3,646 SqFt

Rare opportunity to purchase a 2018 gut-renovated 2-family in Watertown close to Arsenal Yards and a block from the Charles River. New electrical, plumbing, insulation, roof, windows, dual zone central AC/heat, and tankless water heater from 2018. 2nd floor owners unit features open concept living/dining room with hardwood floors and fireplace. Chef's kitchen with granite countertops, gas stove with vent, stainless steel sink, dishwasher, microwave and disposal. Washer/dryer in-unit. 2 zones of central ac/heat. Beautiful covered back porch. Four large bedrooms with multiple skylights on third level plus jacuzzi tub. First floor contains 2 beds, 1 full bath, and chef's kitchen with granite countertops, gas stove with vent, microwave, dishwasher and disposal. Washer/dryer in-unit plus central ac and heat. Large basement with ideal layout to finish and add more square footage. Parking for 4+ cars. Excellent turnkey opportunity for pure investors and owner occupants.

This home has been viewed 18 times

Last Checked: May 7th, 2024 at 7:11am (Source: MLS PIN #73087542)

Gross Income: $78,000

Gross Expenses: $18,393

Net Income Calc: $59,607

CAP Rate: 3.98%

Annual Expenses for 59 Myrtle St, Watertown MA 02472

Total Gross Expenses (Calculated)$18,393/year

APOD AvailableYes

Heating

Electricity$250

Water$1,100

Gas$1,100

Insurance$2,300

Sewer$1,100

Trash Removal

Repair & Maintenance$500

Management$2,240

Miscellaneous

Real Estate Tax$12,003

Annual Income & Unit Breakdown for 59 Myrtle St, Watertown MA 02472

Total Gross Income (Calculated)$78,000

Unit 1

Rental Income$2,700

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

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

Unit 2

Rental Income$3,800

LeaseY

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

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

General Information for 59 Myrtle St, Watertown MA 02472

Listing ID73087542

Property TypeMulti Family / 2 Family

Price$1,499,000 ($595.55/SqFt)

Style2 Family - 2 Units Up/down

CityWatertown

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,517 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking4

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningT

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 59 Myrtle St, Watertown MA 02472

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$6,390

Total Gross Income By Broker$78,000

Total Net Income By Broker$71,610

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 59 Myrtle St, Watertown MA 02472

Real Estate Taxes$12,003

Tax Year2023

Assessed Value$883,900

Financial Data SourceOwner

Total Gross Expenses By Broker$6,390

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$78,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$71,610

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.98%

Location Information for 59 Myrtle St, Watertown MA 02472

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Public Transportation, Private School

Contact Information for 59 Myrtle St, Watertown MA 02472

Agent

Name: Sage Jankowitz

Office

Name: RE/MAX Destiny

Phone: 617-576-3800

Payment Calculator

, Interest

Property Taxes 1000.25

Principal & Interest 9236.36

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Destiny

Sage Jankowitz

Agent Phone

Office Phone

(617) 576-3800

Text Agent Call Agent Call Office

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[year_built] => 1880
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                    [modified] => 2024-05-07 07:11:17
                )

[20] => Array
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                    [modified] => 2024-05-07 07:11:17
                )

[21] => Array
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                    [modified] => 2024-05-07 07:11:17
                )

[22] => Array
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                )

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                )

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                    [modified] => 2024-05-07 07:11:17
                )

[25] => Array
                (
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                    [index] => 26
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                    [modified] => 2024-05-07 07:11:17
                )

[26] => Array
                (
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                    [index] => 27
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                    [modified] => 2024-05-07 07:11:17
                )

[27] => Array
                (
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                    [name] => MLS28.jpg
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                    [index] => 28
                    [enabled] => 1
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                    [modified] => 2024-05-07 07:11:17
                )

[28] => Array
                (
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                    [name] => MLS29.jpg
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                    [modified] => 2024-05-07 07:11:17
                )

[29] => Array
                (
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                    [index] => 30
                    [enabled] => 1
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                    [modified] => 2024-05-07 07:11:17
                )

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                    [modified] => 2024-05-07 07:11:17
                )

[31] => Array
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                    [index] => 32
                    [enabled] => 1
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                    [modified] => 2024-05-07 07:11:17
                )

)

)

EXIT