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18-20 Payne Rd, Newton MA 02461

$1,199,000

Estimated $2,724.34/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $599,500

Total Rent: 0/year

Estimated CAP Rate: -0.78%

4 Bedrooms

2 Full Baths

2,002 SqFt

Total Parking: 6 (2 Garage)

3,047 SqFt

Attractive Brick Duplex multifamily in sought after Newton Highlands location with detached 2-Car Garage. Desirable side by side townhouse-style living. Each unit is well maintained and features a private entry, spacious living areas and a lovely sun-deck. Upstairs, you will find 2 large bedrooms and a full bath, while the lower level offers additional room to add more living space. Detached 2 car garage and ample parking. Situated on a sunny lot within short distance to the green line MBTA, easy drive into Boston and Longwood Medical area, Newton Highlands amenities and Crystal Lake. These attractive duplexes offer ease of ownership, strong income potential and a good long term location. An exceptional find in Newton's coveted Highlands neighborhood. Good long term investment and easy to rent. Close proximity to route 9 provides easy access to major highways I-95, I-90.

This home has been viewed 14 times

Last Checked: May 31st, 2024 at 4:18am (Source: MLS PIN #73238369)

Gross Income: $0

Gross Expenses: $9,362

Net Income Calc: $9,362

CAP Rate: -0.78%

Beach Front

Annual Expenses for 18-20 Payne Rd, Newton MA 02461

Total Gross Expenses (Calculated)$9,362/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,362

Annual Income & Unit Breakdown for 18-20 Payne Rd, Newton MA 02461

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 18-20 Payne Rd, Newton MA 02461

Listing ID73238369

Property TypeMulti Family / 2 Family

Price$1,199,000 ($598.9/SqFt)

Style2 Family - 2 Units Side By Side

CityNewton

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,002 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1948

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesCorner Lot

Foundation Area0

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningMR1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesWalk To, Beach Front, Beach Ownership(public), Lake/pond

Energy FeaturesThermostat

Terms

Disclosures for 18-20 Payne Rd, Newton MA 02461

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$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 18-20 Payne Rd, Newton MA 02461

Real Estate Taxes$9,362

Tax Year2024

Assessed Value$959,200

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.78%

Location Information for 18-20 Payne Rd, Newton MA 02461

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Public Transportation, T-station, University

Contact Information for 18-20 Payne Rd, Newton MA 02461

Agent

Name: The Shahani Group

Office

Name: Compass

Phone: 617-752-6845

Team Members

Name: Shalini Shahani

Phone: 617-216-1493

Payment Calculator

, Interest

Property Taxes 780.17

Principal & Interest 7387.86

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

The Shahani Group

Agent Phone

Office Phone

(617) 752-6845

Text Agent Call Agent Call Office

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[optional_price] => 0
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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test_date] => Unknown
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EXIT