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Closed

12 Raymond St, Framingham MA 01702

$749,000

Estimated $1,832.58/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $374,500

Total Rent: 61200/year

Estimated CAP Rate: 7.18%

9 Bedrooms

2 Full Baths

2,869 SqFt

Total Parking: 4

4,321 SqFt

OPEN HOUSE CANCELLED, OFFER ACCEPTED. Not easy to find but here it is - a two family home with a total of 9 bedrooms. This multi family home is located minutes to Metrowest Medical Center, Route 9, downtown Framingham and Framingham State University. The furnaces have both been replaced within the last 5 years, One unit has a 1 year old water heater with conversion to natural gas while the other unit has new vinyl windows. Renovations will be required in at least one of the units due to a long term committed tenant. Lower unit offers three bedrooms on one level, kitchen living room and one bath with another private bedroom on the second floor. The upper unit has 2 bedrooms, kitchen, living room and bath on one level with 3 additional bedrooms upstairs. Separate entrances to each unit. Both units hardwired for smoke detectors. Current rents are based on long term tenants however, all tenants are TAW.

This home has been viewed 23 times

Last Checked: May 8th, 2024 at 1:26am (Source: MLS PIN #73197166)

Gross Income: $61,200

Gross Expenses: $7,417

Net Income Calc: $53,783

CAP Rate: 7.18%

Annual Expenses for 12 Raymond St, Framingham MA 01702

Total Gross Expenses (Calculated)$7,417/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,417

Annual Income & Unit Breakdown for 12 Raymond St, Framingham MA 01702

Total Gross Income (Calculated)$61,200

Unit 1

Rental Income$2,400

LeaseN

Bedrooms5

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

Unit 2

Rental Income$2,700

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

General Information for 12 Raymond St, Framingham MA 01702

Listing ID73197166

Property TypeMulti Family / 2 Family

Price$749,000 ($261.07/SqFt)

Style2 Family - 2 Units Up/down

CityFramingham

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,869 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking4

Garage Parking

Year Built1917

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningG

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 12 Raymond St, Framingham MA 01702

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$23,076

Total Gross Income By Broker$61,200

Total Net Income By Broker$61,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 12 Raymond St, Framingham MA 01702

Real Estate Taxes$7,417

Tax Year2023

Assessed Value$554,900

Financial Data SourceOwner

Total Gross Expenses By Broker$23,076

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$61,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$61,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.18%

Location Information for 12 Raymond St, Framingham MA 01702

Elementary SchoolChoice

Middle SchoolChoice

High SchoolFramingham High

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station

Contact Information for 12 Raymond St, Framingham MA 01702

Agent

Name: Amy Uliss

Office

Name: MDM Realty, Inc

Phone: 508-879-8999

Payment Calculator

, Interest

Property Taxes 618.08

Principal & Interest 4615.1

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

MDM Realty, Inc

Amy Uliss

Agent Phone

Office Phone

(508) 879-8999

Text Agent Call Agent Call Office

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EXIT