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You are here:
Home Massachusetts Framingham Multi-Family Homes for Sale

368 Concord Street Framingham, MA 01702

27 Days on Boston Pads
Price Reduced $20,000
22 Photos
$779,900
3 Unit
3 Beds
3 Baths
1510 SQFT
0.23 Acre
368 Concord Street
Framingham, MA 01702

Property Description

Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5,000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager” in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 & the 2nd floor one bedroom would very much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens, and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns & long-term growth potential. Main roof is older.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Crown Molding, Stone/Granite/Solid Counters, Tile Floor, Upgraded Countertops, Walk-Up Attic
  • Common Appliances: Microwave, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Gross Operating Income: 60000
  • Net Operating Income: 60000

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Fuses, Nearby, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors, Storm Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1882
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73220204
  • Last Updated: 04/27/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/27/2024Active$779,900$516MLSPIN
04/23/2024Price Change$779,900$516MLSPIN
04/08/2024Active$799,900$530MLSPIN
04/04/2024New$799,900$530MLSPIN

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Seller's Representative: Diane B. Sullivan, Coldwell Banker Realty - Framingham
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 2.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2024-04-27 03:05:00