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Expired

2-4 Mechanic Street, Newton MA 02464

$2,195,000

Estimated $4,863.51/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $548,750

Total Rent: 142200/year

Estimated CAP Rate: 5.77%

12 Bedrooms

8 Full Baths

4,333 SqFt

Total Parking: 4

4,554 SqFt

Completely renovated in 2019, this property boasts brand new everything! Each of the four duplex units features three spacious bedrooms, two full bathrooms, in-unit laundry, new HVAC heating systems with central air, sleek granite countertops, stainless steel appliances, and convenient parking. Located just 15 minutes away from downtown Boston, this property offers easy access to the Mass Pike and Route 95. Currently, the units generate a monthly rent roll of $11,850, which will increase to nearly $13K on 9/1/23. Whether you are an investor or an owner-occupant, this property is a fantastic opportunity. Don't hesitate to reach out for your private showing today!

This home has been viewed 21 times

Last Checked: May 7th, 2024 at 8:06am (Source: MLS PIN #73086565)

Gross Income: $142,200

Gross Expenses: $15,652

Net Income Calc: $126,548

CAP Rate: 5.77%

Annual Expenses for 2-4 Mechanic Street, Newton MA 02464

Total Gross Expenses (Calculated)$15,652/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,652

Annual Income & Unit Breakdown for 2-4 Mechanic Street, Newton MA 02464

Total Gross Income (Calculated)$142,200

Unit 1

Rental Income$2,800

LeaseY

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$2,850

LeaseY

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 3

Rental Income$3,000

LeaseY

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 4

Rental Income$3,200

Lease

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 2-4 Mechanic Street, Newton MA 02464

Listing ID73086565

Property TypeMulti Family / 4 Family

Price$2,195,000 ($506.58/SqFt)

Style4 Family

CityNewton

CountyMiddlesex

MLS AreaNewton Upper Falls

Neighborhood(s)

Approximate Living Area Total4,333 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking4

Garage Parking

Year Built1850

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningMR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 2-4 Mechanic Street, Newton MA 02464

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$153,600

Total Net Income By Broker$142,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 2-4 Mechanic Street, Newton MA 02464

Real Estate Taxes$15,652

Tax Year2022

Assessed Value$1,537,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$153,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$142,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.77%

Location Information for 2-4 Mechanic Street, Newton MA 02464

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaNewton Upper Falls

Area Amenities

Contact Information for 2-4 Mechanic Street, Newton MA 02464

Agent

Name: Ryan Taylor

Office

Name: Fortune RE

Phone: 617-874-1000

Team Members

Name: Brayden Haney

Phone: 774-270-2612

Payment Calculator

, Interest

Property Taxes 1304.33

Principal & Interest 13524.89

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fortune RE

Ryan Taylor

Agent Phone

Office Phone

(617) 874-1000

Text Agent Call Agent Call Office

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EXIT

Expired

2-4 Mechanic Street, Newton MA 02464

$2,195,000

Annual Expenses for 2-4 Mechanic Street, Newton MA 02464

Annual Income & Unit Breakdown for 2-4 Mechanic Street, Newton MA 02464

General Information for 2-4 Mechanic Street, Newton MA 02464

Disclosures for 2-4 Mechanic Street, Newton MA 02464

Financial Information for 2-4 Mechanic Street, Newton MA 02464

Location Information for 2-4 Mechanic Street, Newton MA 02464

Contact Information for 2-4 Mechanic Street, Newton MA 02464

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Fortune RE

Ryan Taylor