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6-16 Highland St, Framingham MA 01702

$1,950,000

Estimated $4,444.25/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $1,950,000

Total Rent: 0/year

Estimated CAP Rate: -0.79%

0 Bedrooms

Baths

6,608 SqFt

Total Parking: 6

15,917 SqFt

A rare investment opportunity in the extremely popular and highly sought after City of Framingham. This could be the cash cow you have been looking for. This property consists 6 townhomes featuring 4 bedrooms and 1 bath each. Situated in spacious lot, each unit has its own fenced-in backyard to enjoy the great outdoors. All units have a similar layout with ample living room space and a big kitchen with stainless steel appliances. Central gas heat, facilitating the installation of central AC. This property offers two driveways, one on each end, with ample space to accommodate up to six cars. Take full advantage of the strong rental demand in the Framingham area to maximize your passive income. With this tremendously convenient location, your tenants will be close to the T station, downtown Framingham, restaurants, shops, parks and major routes such as 135 and 126 Don't miss this opportunity to invest in a property combining modern amenities, rental potential, and a prime location.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 8:17am (Source: MLS PIN #73161091)

Gross Income: $0

Gross Expenses: $15,387

Net Income Calc: $15,387

CAP Rate: -0.79%

Annual Expenses for 6-16 Highland St, Framingham MA 01702

Total Gross Expenses (Calculated)$15,387/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,387.94

Annual Income & Unit Breakdown for 6-16 Highland St, Framingham MA 01702

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 6-16 Highland St, Framingham MA 01702

Listing ID73161091

Property TypeMulti Family / 5+ Family

Price$1,950,000

Style

CityFramingham

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total6,608 SqFt

Approximate Lot Size (Acres)0.37 acres

Total Parking6

Garage Parking

Year Built1877

Year Built Source

Year Renovated

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningG

Zoning DetailsLegal Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 6-16 Highland St, Framingham MA 01702

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$33,215

Total Gross Income By Broker$166,800

Total Net Income By Broker$133,585

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based On

Financial Information for 6-16 Highland St, Framingham MA 01702

Real Estate Taxes$15,387.94

Tax Year2023

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$33,215

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$166,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$133,585

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.79%

Location Information for 6-16 Highland St, Framingham MA 01702

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 6-16 Highland St, Framingham MA 01702

Agent

Name: Matheus Goncalves

Office

Name: Mega Realty Services

Phone: 508-665-4004

Payment Calculator

, Interest

Property Taxes 1282.33

Principal & Interest 12015.28

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Mega Realty Services

Matheus Goncalves

Agent Phone

Office Phone

(508) 665-4004

Text Agent Call Agent Call Office

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                )

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                )

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                    [modified] => 2024-05-07 08:17:38
                )

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                    [modified] => 2024-05-07 08:17:38
                )

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                )

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                )

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                (
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                    [modified] => 2024-05-07 08:17:38
                )

[30] => Array
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                )

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                    [modified] => 2024-05-07 08:17:38
                )

[32] => Array
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                )

[33] => Array
                (
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                    [modified] => 2024-05-07 08:17:38
                )

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                )

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                    [modified] => 2024-05-07 08:17:38
                )

)

)

EXIT