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  • $1,940,000

    2 Four Mechanic St, Newton Upper Falls, MA 02464

    12beds
    4,877sqft
    4 Family
    Built in 1850
    -- sqft lot
    $-- Zestimate®
    $398/sqft
    $-- HOA

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: March 15, 2024 at 09:55am

    Listed by:

    John Pentore,

    Horvath & Tremblay

    Bought with:

    John Pentore

    Horvath & Tremblay

    Source: MLS PIN,MLS#: 73195349

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 4,877
    • Total interior livable area: 4,877 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off Street
    Lot
    • Size: 4,530 sqft
    • Features: Corner Lot
    Details
    • Parcel number: 693897
    • Zoning: MR2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 4 Family
    Materials
    • Foundation: Stone
    • Roof: Shingle
    Condition
    • Year built: 1850

    Utilities & green energy

    • Electric: Individually Metered
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
    Location
    • Region: Newton Upper Falls

    HOA & financial

    Other financial information
    • Total actual rent: 12400
    Services availability
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