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Expired

42 Gordon St, Framingham MA 01702

$999,900

Estimated $2,429.16/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $166,650

Total Rent: 16800/year

Estimated CAP Rate: -1.49%

8 Bedrooms

6 Full Baths

4,401 SqFt

Total Parking: 8

5,066 SqFt

Investment Opportunity in desired area. Extremely strong rental market. Traditional three Decker style building with two side by side apartments on each level. Second level unit was renovated into a single unit and is currently a 4 bedroom unit. There is a deeded ten foot right of way over rear driveway of adjacent multi unit building at 46 Gordon Street. This right of way provides convenient secondary vehicle access to the building's parking from Arlington Street. Gas fired Steam Boiler serves as central heat for five of the units. Sixth unit (#4)has its own separately meter gas fired boiler with baseboard heaters. #4 currently pays Eversource gas bill for the smaller boiler. Boilers are located in basement. Well-McClain central boiler(installed 12-21) has a programable thermostat with remote web access. Security cameras(8) hardwired to a Swann Security DVR recorder with remote access. Convenient location close to train, downtown area, restaurants, breweries, park and major routes

This home has been viewed 26 times

Last Checked: May 8th, 2024 at 1:26am (Source: MLS PIN #73179785)

Gross Income: $16,800

Gross Expenses: $31,686

Net Income Calc: $14,886

CAP Rate: -1.49%

Annual Expenses for 42 Gordon St, Framingham MA 01702

Total Gross Expenses (Calculated)$31,686/year

APOD AvailableYes

Heating$7,464

Electricity$351

Water$5,872

Gas$5,872

Insurance$4,475

Sewer$5,872

Trash Removal

Repair & Maintenance$3,830

Management

Miscellaneous

Real Estate Tax$9,694

Annual Income & Unit Breakdown for 42 Gordon St, Framingham MA 01702

Total Gross Income (Calculated)$16,800

Unit 1

Rental Income$700

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$700

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 42 Gordon St, Framingham MA 01702

Listing ID73179785

Property TypeMulti Family / 5+ Family

Price$999,900 ($227.2/SqFt)

Style5-9 Family

CityFramingham

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,401 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking8

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel, Easements

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningCB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat

Terms

Disclosures for 42 Gordon 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$26,320

Total Gross Income By Broker$40,440

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation2.5

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 42 Gordon St, Framingham MA 01702

Real Estate Taxes$9,694

Tax Year2023

Assessed Value$740,600

Financial Data SourceOwner

Total Gross Expenses By Broker$26,320

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$40,440

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.49%

Location Information for 42 Gordon St, Framingham MA 01702

Elementary SchoolSchool Choice

Middle SchoolSchoool Choice

High SchoolFramingham High

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, University

Contact Information for 42 Gordon St, Framingham MA 01702

Agent

Name: Philip R. Ottaviani

Office

Name: Realty Executives Boston West

Phone: 508-879-0660

Payment Calculator

, Interest

Property Taxes 807.83

Principal & Interest 6161.07

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Realty Executives Boston West

Philip R. Ottaviani

Agent Phone

Office Phone

(508) 879-0660

Text Agent Call Agent Call Office

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EXIT

Expired

42 Gordon St, Framingham MA 01702

$999,900

Annual Expenses for 42 Gordon St, Framingham MA 01702

Annual Income & Unit Breakdown for 42 Gordon St, Framingham MA 01702

General Information for 42 Gordon St, Framingham MA 01702

Disclosures for 42 Gordon St, Framingham MA 01702

Financial Information for 42 Gordon St, Framingham MA 01702

Location Information for 42 Gordon St, Framingham MA 01702

Contact Information for 42 Gordon St, Framingham MA 01702

Agent

Office

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Exclusive Listing Agent

Realty Executives Boston West

Philip R. Ottaviani