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

3-5 Payne Rd Newton, MA 02461

27 Days on Boston Pads
Price Reduced $49,900
35 Photos
$1,150,000
2 Unit
4 Beds
2 Baths
2002 SQFT
0.18 Acre
3-5 Payne Rd
Newton, MA 02461

Property Description

Welcome to Newton Highlands! Own one of these hard to find brick style duplex with 2 car garage. This townhouse style home has many updated features/utilities. Each unit has 2 bedrooms and a full bathroom with potential for 3rd bedroom. You can find granite countertops in both units with hardwood floor throughout. Semi-finished basement allows for extra living space. Plenty of off street parking in the large driveway along with street parking. The dining room opens up to the living room for an open layout feel. Each unit has its own separate entrances, exits, and basements with laundry. Conveniently located near Crystal Lake, Newton South High School, Wegmans, Shops, Restaurants, and highway access. Tenants are tenants at will and are currently paying under market rent. This turn-key home is perfect for investor or owner-occupancy. Lead compliance certificates for both units attached

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Highway Access, House of Worship, Laundromat, Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Partially Finished
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Range, Refrigerator, Washer / Dryer Combo

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 57600
  • Gross Expenses: 5500
  • Water/Sewer: 3000
  • INSC: 2500
  • Net Operating Income: 56700

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1947
  • Type: 2 Family - 2 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73220257
  • 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
04/23/2024Active$1,150,000$574MLSPIN
04/19/2024Price Change$1,150,000$574MLSPIN
04/08/2024Active$1,199,900$599MLSPIN
04/04/2024New$1,199,900$599MLSPIN

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View Breakdown

Seller's Representative: The Shahani Group, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 1
Compensation Based On: Gross/Full 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 2024-04-24 09:17:00

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