$825,000
$839,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
332 Main St Ashland, MA 01721
9 Beds
5 Baths
4,245 SqFt
Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,245 sqft
Price per Sqft $194
MLS Listing ID 72721292
Sold Date 10/30/20
Bedrooms 9
Full Baths 5
Year Built 1863
Annual Tax Amount $7,545
Tax Year 2020
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type 5-9 Family
Property Description
Beautifully maintained, 5 family investment property located within a short walk to downtown Ashland and just 1 mile from the commuter rail station. This property generates $80K income per year, and yields an impressive 6.4% CAP rate. There are 2 buildings on the property. The main house in the front has 4 units (1 x 3BR, 2 x 2BR, 1 x 1BR) and a very cute carriage house in the rear creates the 5th unit (1BR). All units are fully rented and occupancy rate has averaged 97-98% every year. All the heavy lifting is done with $140K of capital improvements in the last 5 years. 2016 - high efficiency Viessman boiler with 5 zones and densepack insulation. 2017 - vinyl siding and new gutters. 2018 - new asphalt driveway with 10 space parking lot. 2019 - new asphalt roof. All units are well maintained, some with original hardwood floors, some with carpet. Coin op laundry in basement for additional income.
Location
State MA
County Middlesex
Zoning Res. B
Direction From Rt 135, take Main Street toward Ashland center. On the right, across from Matarese Funeral Home
Rooms
Basement Full, Walk-Out Access, Concrete
Interior
Interior Features Unit 4(Bathroom with Shower Stall), Unit 1 Rooms(Living Room, Kitchen, Office/Den), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Heating Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas), Unit 3(Hot Water Baseboard, Gas), Unit 4(Hot Water Baseboard, Gas)
Cooling Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Flooring Vinyl, Carpet, Hardwood, Unit 4(Hardwood Floors)
Fireplaces Number 2
Fireplaces Type Unit 4(Fireplace - Wood burning)
Appliance Unit 1(Range, Refrigerator, Vent Hood), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Wall Oven, Countertop Range, Refrigerator), Gas Water Heater, Tank Water Heater, Tankless Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Laundry Washer Hookup
Exterior
Exterior Feature Rain Gutters, Professional Landscaping, Garden
Community Features Public Transportation, Park, Laundromat, House of Worship, Public School, T-Station, Sidewalks
Utilities Available for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Story 6
Foundation Block, Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Elementary
Middle Schools Ashland Middle
High Schools Ashland High
Others
Senior Community false
Acceptable Financing Lender Approval Required
Listing Terms Lender Approval Required
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Bought with Didier Lopez • RE/MAX One Call Realty