Nestled in a coveted Watertown neighborhood near the Oakley Country Club, 23-25 Stearns Rd offers a tranquil and picturesque setting. This two-family home is a rare find, whether you're a first-time homebuyer looking for an income-generating unit or an investor seeking a smart investment opportunity. Each unit has a classic layout with large rooms, hardwood floors, and original woodwork. The fireplaced living rooms and bright dining rooms are great for entertaining. The kitchens and baths offer a blank canvas for your creativity, allowing you to customize them to your desired style. The upper unit has an office with walk-up access to an unfinished third floor. The backyard is level, & the detached 2-car garage offers ample parking & storage. Great commuting location with easy access to Mass Pike, Storrow Drive & bus route to Harvard Square. Excellent proximity to the new Hosmer School & Arsenal Yards. A fantastic opportunity to take advantage of everything that Watertown has to offer!
This home has been viewed 22 times
Last Checked: May 7th, 2024 at 7:45am (Source: MLS PIN #73109661)
Gross Income: $26,400
Gross Expenses: $13,886
Net Income Calc: $12,514
CAP Rate: 1.27%
Annual Expenses for 23-25 Stearns Rd, Watertown MA 02472
Total Gross Expenses (Calculated)$13,886/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$13,886
Annual Income & Unit Breakdown for 23-25 Stearns Rd, Watertown MA 02472
Total Gross Income (Calculated)$26,400
Unit 1
Rental Income$2,200
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water)
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water)
General Information for 23-25 Stearns Rd, Watertown MA 02472
Listing ID73109661
Property TypeMulti Family
Price$989,000 ($390.6/SqFt)
StyleMulti Family
CityWatertown
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,532 SqFt
Approximate Lot Size (Acres)0.14 acres
Total Parking6 (2 Garage)
Garage Parking2 / Detached
Year Built1925
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionBlock
Accessible Features
Outdoor Space
ZoningT
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 23-25 Stearns Rd, Watertown MA 02472
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$26,400
Total Net Income By Broker$26,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation1
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 23-25 Stearns Rd, Watertown MA 02472
Real Estate Taxes$13,886
Tax Year2023
Assessed Value$1,022,500
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$26,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$26,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)1.27%
Location Information for 23-25 Stearns Rd, Watertown MA 02472
Elementary SchoolHosmer
Middle SchoolWms
High SchoolWhs
Neighborhood(s)
MLS Area
Area AmenitiesPublic School, Shopping, Golf, Park, Public Transportation
Contact Information for 23-25 Stearns Rd, Watertown MA 02472