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$1,999,999
Total Beds: 10 Total Baths: 12
Total Units: 12 SQFT: 8760
LOT size: 0.42 Acres
25 - 27 Minot St
Reading, MA 01867
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Property Description

The Perfect End of the Year "Investment Purchase". A strong brick 12 unit complex with private parking lot. Steps to the commuter rail or highway. There are 10 one bedroom units and 2 studio units. All units are currently rented with no fixed term leases. The one bedroom units have balconies. Efficient Gas Heating and a newer roof makes this a great property. ***Update of heating system - there are two heating systems one for each building. One gas meter with two lines one for each building. There are 12 zones with thermostats in each unit. There is one water heater for both buildings. The Electric is paid by the tenant as each unit is individually metered.

Property Details

Building Information

  • Total Units: 12
  • Total Floors: 13
  • Total Bedrooms: 10
  • Total Full Baths: 12
  • Amenities: Golf Course, Highway Access, Public Transportation, Shopping, T-Station
  • Common Rooms: Laundry
  • Common Interior Features: Wall to Wall Carpet
  • Common Appliances: Dryer, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 149706
  • Gross Expenses: 47531
  • Net Operating Income: 102175

Utilities

  • Heat Zones: 12
  • Hot Water: Natural Gas
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Utility Connections: for Electric Oven, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Refrigerator
  • Interior Features: Balcony/Deck
  • Heating: Extra Flue, Gas, Heat Pump
  • Cooling: None
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator
  • Interior Features: Balcony/Deck, Hardwood Floors
  • Heating: Extra Flue, Gas, Heat Pump
  • Cooling: None
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Other Rooms: Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator
  • Interior Features: Balcony/Deck, Hardwood Floors
  • Heating: Extra Flue, Gas, Heat Pump
  • Cooling: None
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator
  • Interior Features: Balcony/Deck, Hardwood Floors
  • Levels: 1

Construction

  • Year Built: 1961
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes

Other Information

  • MLS ID# 73060092
  • Last Updated: 11/25/22
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Mary L. Lawton, Lawton Real Estate, Inc
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Net 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 2022-11-25 03:05:00

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