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.
Sold
$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
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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