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$1,600,000
Total Beds: 7 Total Baths: 5
Total Units: 2 SQFT: 4165
LOT size: 0.12 Acres
194 Auburn
Newton, MA 02466

Property Description

Great investment - numbers work! Sunny spacious marble palace in the heart of Auburndale. Easy walk to shopping/public transportation, quick access to Rt.90/Rt.128. 2010 gut renovation of 1870 2 family. New roof in 2013, new sewer line to sewer main in 2016, fresh paint and floors, brand new washer and dryer in Unit 2. Natural wood interspersed with dark marble and granite countertops. State of the art systems and central vacuum in both units are in seamless harmony with Queen Anne design, with high ceilings creating ethereal feel. Additional 1370 s.f. in basement. Ample parking, deck and patio. Separate utilities, full set of condo docs included. Unit 1 has lease till August 31, 2021, Unit 2 is leased till 04/30/2023. Letter of full deleading compliance on hand for both units. Unit 1 rented for $3200, Unit 2 $4,500. Taxes, insurance and maintenance $15,000, $77,400 net.

Property Details

Building Information

  • Total Units: 2
  • Total Rent: 7700
  • Total Floors: 3
  • Levels: 3
  • Total Rooms: 13
  • RMS: 13
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Medical Facility, Other (See Remarks), Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Interior Access

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Expenses Year End: 12/20
  • Gross Operating Income: 92400
  • Gross Expenses: 15000
  • Electric Expenses: 200
  • INSC: 3100
  • Repairs & Maintenance: 240
  • Net Operating Income: 77400

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas, Tankless
  • Cooling Zones: 3
  • Electric Info: 110 Volts, 200 Amps, 220 Volts, At Street, Circuit Breakers, Common, Individually Metered, On-Site, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows, Other (See Remarks), Prog. Thermostat
  • Utility Connections: for Gas Dryer, for Gas Range, Icemaker Connection, Washer Hookup
  • Water: City/Town Water, Individual Meter, On-Site, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 3200
  • Under Lease: Yes
  • Rooms: 6
  • Floors: 1
  • Bedrooms: 2
  • Full Baths: 1
  • Half Baths: 1
  • Other Rooms: Dining Room, Kitchen, Living Room, Other (See Remarks)
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
  • Interior Features: Pantry, Storage
  • Heating: Central Heat, Electric, Forced Air, Oil
  • Cooling: Central Air, Fan Coil, Unit Control
  • Levels: 1

Unit 2 Description

  • Rent: 4500
  • Under Lease: No
  • Rooms: 7
  • Floors: 2
  • Bedrooms: 5
  • Full Baths: 3
  • Other Rooms: Dining Room, Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
  • Interior Features: Pantry, Storage
  • Heating: Central Heat, Electric, Forced Air, Oil
  • Cooling: Central Air, Fan Coil, Unit Control
  • Levels: 2

Construction

  • Year Built: 1870
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Marble, Tile, Wood
  • Lead Paint: None

Other Information

  • MLS ID# 72729609
  • Last Updated: 04/18/21

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