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Closed

50-52 Elm Street, Newton MA 02465

$1,499,999

Estimated $3,408.74/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $749,999.50

Total Rent: 80400/year

Estimated CAP Rate: 4.58%

6 Bedrooms

2 Full Baths

3,514 SqFt

Total Parking: 8 (2 Garage)

7,500 SqFt

PRISTINE 2 family perfect for investment or owner occupant in PRIME Newton location across from West Newton Commons; adjacent to W. Newton Square & .2 miles to the commuter rail & Mass Pike. Easy access to Rte 95, express buses to Boston, restaurants & schools Both bright & sunny LG 3 BR/1BA CERTIFIED DELEADED units offer LR, DR & kitchen, w/ gleaming hardwood floors, impeccable woodwork/period detail w/ custom built-ins. The interior is freshly & neutrally painted w/ upgraded kitchens w/ S/S appliances/granite counters & has upgraded baths. Washer/dryer for each unit in the private basement includes abundant separate storage. Both units offer LG 3 season porches. 2ND FL has a large walk in closet that can be utilized as a dressing area or office! Ample parking with 2 detached garage spaces & driveway parking for additional vehicles!! This property has an incredible flat, plush green professionally landscaped backyard perfect for entertaining & a front yard with stunning curb appeal!

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 9:16am (Source: MLS PIN #73097367)

Gross Income: $80,400

Gross Expenses: $11,718

Net Income Calc: $68,682

CAP Rate: 4.58%

Annual Expenses for 50-52 Elm Street, Newton MA 02465

Total Gross Expenses (Calculated)$11,718/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,718

Annual Income & Unit Breakdown for 50-52 Elm Street, Newton MA 02465

Total Gross Income (Calculated)$80,400

Unit 1

Rental Income$3,400

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water, Other (see Remarks)), Unit 2(water

Unit 2

Rental Income$3,300

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water, Other (see Remarks)), Unit 2(water

General Information for 50-52 Elm Street, Newton MA 02465

Listing ID73097367

Property TypeMulti Family / 2 Family

Price$1,499,999 ($426.86/SqFt)

Style2 Family - 2 Units Up/down

CityNewton

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,514 SqFt

Approximate Lot Size (Acres)0.17 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1921

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningMR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat

Terms

Disclosures for 50-52 Elm Street, Newton MA 02465

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area DisclosureBuyer to do due diligence. Basement area is unfini

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$80,400

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 50-52 Elm Street, Newton MA 02465

Real Estate Taxes$11,718

Tax Year2023

Assessed Value$1,151,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$80,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.58%

Location Information for 50-52 Elm Street, Newton MA 02465

Elementary SchoolBurr

Middle SchoolDay

High SchoolNewton North

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Private School, University

Contact Information for 50-52 Elm Street, Newton MA 02465

Agent

Name: Alison Klein

Office

Name: RE/MAX Preferred Properties

Phone: 617-969-0676

Team Members

Payment Calculator

, Interest

Property Taxes 976.5

Principal & Interest 9242.52

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Preferred Properties

Alison Klein

Agent Phone

Office Phone

(617) 969-0676

Text Agent Call Agent Call Office

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)

)

EXIT