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$1,250,000
Total Beds: 7 Total Baths: 5
Total Units: 3 SQFT: 2876
LOT size: 0.12 Acres
36-38 Saco St.
Newton, MA 02464

Property Description

A rare opportunity to own a brick Two-Family+ In-Law property in Newton. The building has been used and taxed as a three family. Needs some updates, but it is in very good condition with a great potential. All 3 units are currently rented. 2 larger units have 1.5 baths and separate laundry rooms. All new appliances and new carpet. Convenient location with quick access to I-95, Rt.9 and the Needham Street, Chestnut Hill shopping areas and the N2 Innovation District which is right around the corner! It's about 1 mile away from Green T stop. Lead-free compliance in hands! This property can be purchased with the next door Two Family 35-35R Butts St. as a package deal.(see MLS#72784641)

Property Details

Building Information

  • Total Units: 3
  • Total Rent: 5945
  • Total Floors: 3
  • Levels: 2
  • Total Rooms: 13
  • RMS: 12
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Total Half Baths: 2
  • Amenities: Conservation Area, Highway Access, Park, Public Transportation, Shopping, Tennis Court, T-Station

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 71340
  • Gross Expenses: 3700
  • Water/Sewer: 1200
  • INSC: 2500
  • Net Operating Income: 67640

Utilities

  • Hot Water: Electric
  • Electric Info: 110 Volts, On-Site
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 1400
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 3
  • Floors: 1
  • Bedrooms: 1
  • Full Baths: 1
  • Appliances: Range, Refrigerator, Washer / Dryer Combo
  • Heating: Electric Baseboard, Hot Water Baseboard, Other (See Remarks)
  • Cooling: Window AC
  • Levels: 1

Unit 2 Description

  • Rent: 2500
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 5
  • Floors: 2
  • Bedrooms: 3
  • Full Baths: 1
  • Half Baths: 1
  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Heating: Electric Baseboard, Hot Water Baseboard, Other (See Remarks)
  • Cooling: Window AC
  • Levels: 2

Unit 3 Description

  • Rent: 2045
  • Rooms: 5
  • Bedrooms: 3
  • Full Baths: 1
  • Half Baths: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Interior Features: Lead Certification Available
  • Heating: Electric Baseboard, Hot Water Baseboard, Other (See Remarks)
  • Cooling: Window AC

Construction

  • Year Built: 1950
  • Type: 2 Family
  • Construction Type: Brick
  • Foundation Info: Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wall to Wall Carpet
  • Lead Paint: None
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 72784634
  • Last Updated: 04/18/21

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