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1036-1038 Chestnut Street, Newton MA 02464

$2,375,000

Estimated $4,459.80/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,187,500

Total Rent: 156000/year

Estimated CAP Rate: 6.26%

6 Bedrooms

4 Full, 4 Half Baths

5,176 SqFt

Total Parking: 9

0 SqFt

Investors! 1036-1038 Chestnut street in Newton is a multi-family that features two brand new residential units. The building is located in the Upper Falls historic district. Plenty of parking, plenty of outdoor space, and located minutes from 90, 95, and route 9. This property is ideal for investors looking for rental income. The renovation has been completed and offers luxury finishes. Hurry up before its gone!

This home has been viewed 60 times

Last Checked: November 2nd, 2024 at 4:19am (Source: MLS PIN #73289354)

Gross Income: $156,000

Gross Expenses: $7,305

Net Income Calc: $148,695

CAP Rate: 6.26%

Annual Expenses for 1036-1038 Chestnut Street, Newton MA 02464

Total Gross Expenses (Calculated)$7,305/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,305

Annual Income & Unit Breakdown for 1036-1038 Chestnut Street, Newton MA 02464

Total Gross Income (Calculated)$156,000

Unit 1

Rental Income$6,500

LeaseN

Bedrooms3

Bathrooms2 Full, 2 Half

Floor1

Levels in Unit3

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$6,500

LeaseN

Bedrooms3

Bathrooms2 Full, 2 Half

Floor1

Levels in Unit3

HeatingNo

Rent IncludesNo

General Information for 1036-1038 Chestnut Street, Newton MA 02464

Listing ID73289354

Property TypeMulti Family / 2 Family

Price$2,375,000 ($458.85/SqFt)

Style2 Family - 2 Units Side By Side

CityNewton

CountyMiddlesex

MLS AreaNewton Upper Falls

Neighborhood(s)

Approximate Living Area Total5,176 SqFt

Approximate Lot Size (Acres)0

Total Parking9

Garage Parking

Year Built2024

Year Built SourceBuilder

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesNo

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningMR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 1036-1038 Chestnut Street, Newton MA 02464

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$204,000

Total Net Income By Broker$204,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1036-1038 Chestnut Street, Newton MA 02464

Real Estate Taxes$7,305

Tax Year2022

Assessed Value$748,500

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$204,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$204,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.26%

Location Information for 1036-1038 Chestnut Street, Newton MA 02464

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaNewton Upper Falls

Area AmenitiesNo

Contact Information for 1036-1038 Chestnut Street, Newton MA 02464

Agent

Name: Brody Murphy Novak Group

Office

Name: Douglas Elliman Real Estate - Park Plaza

Phone: 617-267-3500

Team Members

Name: Craig Brody

Phone: 617-519-1480

Payment Calculator

, Interest

Property Taxes 608.75

Principal & Interest 14633.99

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Douglas Elliman Real Estate - Park Plaza

Brody Murphy Novak Group

Agent Phone

Office Phone

(617) 267-3500

Text Agent Call Agent Call Office

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EXIT