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

306 Riverside Ave Medford, MA 02155
Contingent
42 Photos
$900,000
2 Unit
4 Beds
2 Baths
1929 SQFT
0.15 Acre
306 Riverside Ave
Medford, MA 02155
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Property Description

OFFERS DUE TUES. 4/23 BY 5PM /// Medford 2-family - Prime location abutting a quiet neighborhood, walking trails along Mystic River through the school, easy access to 93, Riverside Yacht Club/Marina, and under 2 minutes to Meadow Glen mall (Wegman's, Dicks, Marshalls, etc and close proximity to Wellington Square! 2 units side by side with common vestibule, huge fenced front and rear yard, 5-6 off-street parking spots, turnkey with strong historical rents. Units have historical charm with exposed beams, wide pine floors, fireplaces, cathedral primary bedrooms. Left side unit is tenanted through the end of May, right side unit is vacant. See historical rental data in paperclip attachment. Zoning study also available via paperclip. Great opportunity to get into the Medford market with a 5.68% CAP rate investment property! Open house dates coming soon for the weekend of April 20 and 21st. See firm remarks for property website.
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Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Fireplaces: 4
  • Amenities: Bike Path, Highway Access, Marina, Park, Public School, Public Transportation, Shopping, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Mudroom

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided, Pro. Forma Available
  • Gross Operating Income: 30600
  • Net Operating Income: 30600

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, 200 Amps, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1910
  • Type: 2 Family - 2 Units Side by Side
  • Construction Type: Aluminum, Frame, Post & Beam, Stucco
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73225807
  • Last Updated: 04/24/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/24/2024Contingent$900,000$467MLSPIN
04/22/2024Active$900,000$467MLSPIN
04/18/2024New$900,000$467MLSPIN

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Seller's Representative: James Riel, JR Associates
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-04-24 12:28:00

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