RE/MAX Preferred Properties

160-162 CHAPEL STREET, Newton, MA 02458

Multi-Family

$1,595,000
Price

2
Units
4,188
Approx. GLA
Rare opportunity to own a 2007 two-family (duplex style) property in Newton. This two family home is in pristine condition, both units are almost identical: 8 total bedrooms, 6.5 total bathrooms, two "master bedrooms" in each unit (third floor master is perfect for an au pair suite), formal dining & living room(s) space, wood kitchen cabinets, open floor layout, garage parking, finish-able "lower level" space, front & back porch(s), professional landscaping, lawn irrigation, and more! Located in close proximity to schools, restaurants, shopping, public transportation, and walking trails. Do not miss out on this great investment property! Leases are in effect and tenants have right to stay till approximately June & July 2020 with proper notification. Buy this home and collect rent till leases end then convert them to condos and sell for BIG $$$ and make lots of profit!!
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Bulkhead, Concrete Floor, Unfinished Basement
List Price: $1,595,000
Type: Multi-Family
Multi-Family Type: 2 Family
Status: Active
Beds: 8
Baths: 6
Half Baths: 2
Units: 2
Year Built: 2007
Year Round: Yes
Approx. GLA: 4,188
MLS#: 72559872
 
 
Interior
Basement: Yes
Cooling Units: 2
Cooling Zones: 4
Heating Units: 2
Heating Zones: 4
Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet
Energy: Insulated Windows, Insulated Doors
Rooms: 16
Lead Paint: None
Total Floors: 3
Exterior
Water: No
Facing: West
Acres: 0.18
Lot Size: 7,972.00
Lot Description: Paved Drive, Fenced/Enclosed, Level
Foundation: Poured Concrete
Garage Spaces: 2
Parking Spaces: 2
Parking Features: Off-Street, Paved Driveway
Color: gray blue
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Masonite
Exterior Features: Porch, Gutters, Professional Landscaping, Sprinkler System, Fenced Yard
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $1,111,200
Taxes: $11,612
Tax Year: 2019
Book/Page: 1345/52
School
Grade School: Lincoln Elliot
Middle School: Bigelow
High School: North
Beach
Beach: No
Expenses
Gross Income: $96,900
Total Rent: $8,075
Net Income: $96,900
Additional
Amenities: Public Transportation, Shopping, Walk/Jog Trails
Exclusions: Tenant belongings-window treatments and shades-clothes washer and dryers belong to tenants
Disclosure Declaration: No
Disclosure: Tenants are occupying each unit. City of Newton drain easements on left side of property-window treatments and window blinds belong to tenants and are not included.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 8 4 0 0 3 1 Yes 4 $4,100
Unit 2 8 4 0 0 3 1 Yes 4 $3,975
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The listing office is RE/MAX Preferred Properties and the listing agent is Dino Rossi. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
 
Dino Rossi
Dino Rossi
RE/MAX Preferred Properties