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$3,500,000
Total Beds: 11 Total Baths: 10
Total Units: 4 SQFT: 6127
LOT size: 0.25 Acres
37 Walnut Place
Newton, MA 02460

Property Description

Attention investors - 1031 Exchange… Exquisitely renovated in 2017, this luxury income producing multi-family is ideally located near downtown Newtonville and is minutes away from Newton North High School, public transportation, commuter rail and the Mass Pike. The sunlit units offers open floor plans with 2 or 3 bedroom units, each with a minimum of 2 bathrooms. The kitchens boasts large islands, stainless steel appliances and quartz countertops. All four units have stunning principal bedrooms with ample closet space and en-suite bathrooms with double vanities.Other features include central air, in-unit laundry, private outdoor space, 2 off-street parking spaces per unit, and private secure storage in the basement. First floor unit has a large private porch.

Property Details

Building Information

  • Total Units: 4
  • Total Rent: 16250
  • Total Floors: 6
  • Levels: 4
  • Total Rooms: 22
  • RMS: 19
  • Total Bedrooms: 11
  • Total Full Baths: 9
  • Total Half Baths: 1
  • Total Fireplaces: 1
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University
  • Basement Features: Finished, Full, Interior Access, Other (See Remarks), Partially Finished, Sump Pump

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 195000
  • Net Operating Income: 195000

Utilities

  • Heat Zones: 8
  • Hot Water: Natural Gas
  • Cooling Zones: 8
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Rent: 4250
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 6
  • Floors: 1
  • Bedrooms: 3
  • Full Baths: 3
  • Appliances: Dishwasher - ENERGY STAR, Disposal, Dryer - ENERGY STAR, Microwave, Oven - ENERGY STAR, Range - ENERGY STAR, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
  • Fireplaces: 1
  • Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Cooling: Central Air
  • Levels: 2

Unit 2 Description

  • Rent: 3500
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 4
  • Floors: 1
  • Bedrooms: 2
  • Appliances: Cooktop - ENERGY STAR, Dishwasher - ENERGY STAR, Disposal, Dryer - ENERGY STAR, Microwave, Oven - ENERGY STAR, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
  • Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Cooling: Central Air
  • Levels: 2

Unit 3 Description

  • Rent: 4250
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 6
  • Floors: 2
  • Bedrooms: 3
  • Full Baths: 2
  • Half Baths: 1
  • Appliances: Cooktop - ENERGY STAR, Dishwasher - ENERGY STAR, Disposal, Dryer - ENERGY STAR, Microwave, Oven - ENERGY STAR, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
  • Interior Features: Bathroom With Tub
  • Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Cooling: Central Air
  • Levels: 2

Unit 4 Description

  • Rent: 4250
  • Included in Rent: Water
  • Under Lease: Yes
  • Rooms: 6
  • Floors: 2
  • Bedrooms: 3
  • Full Baths: 2
  • Appliances: Cooktop - ENERGY STAR, Dishwasher - ENERGY STAR, Disposal, Dryer - ENERGY STAR, Microwave, Oven - ENERGY STAR, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
  • Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Cooling: Central Air
  • Levels: 2

Construction

  • Year Built: 1932
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Wood
  • Lead Paint: Certified Treated

Other Information

  • MLS ID# 72922882
  • Last Updated: 11/29/21

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Map

Seller's Representative: Arman Mavai, Unlimited Sotheby's International Realty

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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 2021-11-29 09:45:36

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