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

53-55 Albion St Wakefield, MA 01880

186 Days on Boston Pads
34 Photos
$1,040,000
3 Unit
4 Beds
3 Baths
3852 SQFT
0.05 Acre
53-55 Albion St
Wakefield, MA 01880

Property Description

Business zoned downtown mixed use building in the Albion Street Wakefield business district. Three unit building includes 2 residential rental apartments with a beautifully fit out 1,650 +- retail space. The expansive sales floor is 47X25 and includes a L shaped service counter, a 15X7 office,18X9 storage room, newer kitchenette, half bath, plus a 13X16 step up rear storage area. The 2nd floor is a leased 4 room, 1 bedroom apartment. The top floor 3 bedroom unit is freshly painted and renovated with a new kitchen and appliances, all new windows, laminate floors and doors. The building has a "walk score" of 87 and is located less than 1/3 of a mile to commuter rail and or downtown shops and restaurants.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Crawl, Full, Interior Access, Mixed, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Office/Den
  • Common Interior Features: Internet Available - DSL, Security System, Storage, Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Geothermal Heat Source, Heat Pump, Individual, Oil, Oil
  • Common Cooling: Central Air, None

Financial

  • APOD Available: No
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 22320
  • Gross Expenses: 5115
  • Electric Expenses: 132
  • Water/Sewer: 975
  • INSC: 3072
  • RFS: 936
  • Net Operating Income: 22200

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Electric Info: Circuit Breakers, Common, Individually Metered, Other (See Remarks), Underground, Varies per Unit
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

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

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Irregular, Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73195862
  • Last Updated: 06/09/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
06/09/2024Active$1,040,000$270MLSPIN
06/05/2024Back on Market$1,040,000$270MLSPIN
03/17/2024Under Agreement$1,040,000$270MLSPIN
01/27/2024Active$1,040,000$270MLSPIN
01/23/2024New$1,040,000$270MLSPIN

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Seller's Representative: Christopher Barrett, Barrett, Chris. J., REALTORS®
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-06-09 03:05:00