This rare 2-family home is a smart investment opportunity. The 3 bedroom unit, renovated in 2018, features solid maple cabinets, a tile backsplash, and black appliances in the open concept kitchen as well as a renovated full bath. The 2 bedroom unit, renovated in 2019, offers a granite and stainless kitchen with white cabinetry, new flooring, and an updated bath. Each unit has separate utilities and an unfinished basement with laundry facilities included, offering excellent storage and potential for future expansion. The exterior has low maintenance vinyl siding, energy-efficient thermopane windows, and a relatively young roof ~12 years. Large level fenced backyard with patio. Enjoy all the area has to offer - Minuteman Rail Trail, Hartwell Town Forest and retail/restaurants in Bedford and Lexington, plus easy accest to I-95. Lead compliant – report attached. Offers due Mon. 7/24 @ noon.
This home has been viewed 27 times
Last Checked: May 7th, 2024 at 12:26pm (Source: MLS PIN #73137687)
Gross Income: $52,800
Gross Expenses: $6,900
Net Income Calc: $45,900
CAP Rate: 6.20%
Annual Expenses for 29-31 Summer Street, Bedford MA 01730
Total Gross Expenses (Calculated)$6,900/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$6,900
Annual Income & Unit Breakdown for 29-31 Summer Street, Bedford MA 01730
Total Gross Income (Calculated)$52,800
Unit 1
Rental Income$2,150
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$2,250
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
General Information for 29-31 Summer Street, Bedford MA 01730
Listing ID73137687
Property TypeMulti Family / 2 Family
Price$739,900 ($494.59/SqFt)
Style2 Family - 2 Units Side By Side
CityBedford
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total1,496 SqFt
Approximate Lot Size (Acres)0.21 acres
Total Parking4
Garage Parking
Year Built1959
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor Space
ZoningC
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesThermostat
Terms
Disclosures for 29-31 Summer Street, Bedford MA 01730
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$52,800
Total Net Income By Broker$52,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 29-31 Summer Street, Bedford MA 01730
Real Estate Taxes$6,900
Tax Year2023
Assessed Value$552,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$52,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$52,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.20%
Location Information for 29-31 Summer Street, Bedford MA 01730
Elementary SchoolDavis
Middle SchoolJohn Glenn
High SchoolBedford Hs
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Bike Path, Public Transportation
Contact Information for 29-31 Summer Street, Bedford MA 01730