2-4 Mechanic St Newton, MA 02464
12 bed / 8 bath / 4,877 Sq. Ft. / 4,356 Sq. Ft., 0.1 acres lot size / Fourplex
Status: Sold
Listing Courtesy of: John Pentore - Horvath & Tremblay +1 781 776 4000
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2-4 Mechanic Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 6.05% cap rate on current income with rental upside. 2-4 Mechanic Street is a two-story building with four (4), 3-Bedroom/2-Bathroom duplex style units. The building was comprehensively renovated in 2019 and each of the four duplex units features open layout with new kitchens featuring white custom cabinets, granite countertops, and stainless-steel appliances. The units also have hardwood floors, in-unit laundry, new individual HVAC heating systems. The exterior of the Property was alco renovated and has a new roof, new wood siding and new windows. Additionally, there are Four (4) parking spaces at the rear of the property which is accessed through 204-206 Elliot Street (Driveway Easement). The subject property is ideal for a potential buyer looking for income growth and strong investment returns.
property details
Type
Fourplex
Status
Closed
County
Middlesex
Year Built
1850
Beds
12
Full Baths
8
Sq. Ft.
4,877
Lot Size
4,356 Sq. Ft., 0.1 acres
Listing Id
73195349
Courtesy Of
John Pentore - Horvath & Tremblay +1 781 776 4000
List Office Phone
+1 781 776 4000
Interior Features
Appliances
Washer
Dryer
Dryer
Living Area Units
Sq. Ft.
Rooms Total
20
Full Baths
8
Bathrooms Total
8
Exterior Features
Roof
Shingle
Lot/Land Description
Corner Lot
Parking
Off Street
Foundation
Stone
Stories
8
Parking Spaces
4
Utility & Building Info
Sewer
Public Sewer
Parcel Number
693897
Cooling
Central Air
Water Source
Public Water
Heating
Central
Tax Amount
14983
Building Area Total
4,877 Sq. Ft.
Price Per Sq Ft
$400
Architectural Style
3+ Story
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Price History
| date | event | price | source |
|---|---|---|---|
|
03/15/2024
03/15/2024
|
Sold |
$1,940,000
|
MLSPIN - MLS Property Information Network |
|
02/04/2024
02/04/2024
|
Pending |
$1,950,000
|
MLSPIN - MLS Property Information Network |
|
01/22/2024
01/22/2024
|
Active |
$1,950,000
|
MLSPIN - MLS Property Information Network |
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