Charming TWO FAMILY property on beautiful tree lined street just up the road from Framingham State University. Two separate driveways. Strong rental history that will only continue to increase. Unit 1 (the main home) has two floors w/ 4 bedrooms, 2 full baths, beautiful hardwood flooring and updated baths/kitchen as well as a bonus room/den, mud room, full basement & laundry room. Left side Driveway fits 6-8 cars and has lovely back yard area. Unit 2 (right side bump out) is a sunny open floor plan unit with 1 bedroom, large living room and nicely updated kitchen with island. Back deck and yard area. Each unit has its own driveway and are private from one another. Newer gas heating systems, water heaters, updated electric. Slate roof. Both units have laundry. Sidewalks on both sides of street. Minutes to highways and shopping. Huge demand for hosuing for FS University with long history of rentals at this home.Truly an exciting and rare offering!!
This home has been viewed 39 times
Last Checked: May 7th, 2024 at 7:36am (Source: MLS PIN #73100956)
Gross Income: $53,520
Gross Expenses: $8,094
Net Income Calc: $45,426
CAP Rate: 6.55%
Annual Expenses for 170 State Street, Framingham MA 01702
Total Gross Expenses (Calculated)$8,094/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$8,094
Annual Income & Unit Breakdown for 170 State Street, Framingham MA 01702
Total Gross Income (Calculated)$53,520
Unit 1
Rental Income$2,860
LeaseY
Bedrooms4
Bathrooms2 Full
Floor1
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income$1,600
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 170 State Street, Framingham MA 01702
Listing ID73100956
Property TypeMulti Family
Price$694,000 ($282.11/SqFt)
StyleMulti Family
CityFramingham
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,460 SqFt
Approximate Lot Size (Acres)0.31 acres
Total Parking10
Garage Parking
Year Built1907
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningR1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 170 State Street, Framingham MA 01702
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$53,520
Total Net Income By Broker$53,520
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 170 State Street, Framingham MA 01702
Real Estate Taxes$8,094
Tax Year2023
Assessed Value
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$53,520
BostonRealEstate.com Gross Income
Total Net Income By Broker$53,520
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.55%
Location Information for 170 State Street, Framingham MA 01702
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Bike Path, Public Transportation, T-station, Stable(s), Private School, University
Contact Information for 170 State Street, Framingham MA 01702