19 Franklin St, Lee, MA 01238

$685,000
Property Type: MultiFamily Bedrooms: 30 Baths: 15 Square Footage: 13,540 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $685,000 List Date: 5/24/2013 Last Modified: 9/01/2024

Overview

Description

Fifteen unit multi family with the current list price representing an estimated 7.8% cap rate. The estimated income and expenses is generating an estimated 10.6% cash on cash return. That includes a 5% vacancy factor, a management expense at $10,200 and a mortgage based on $636,000 at 5% amortized over 25 years. Tenants pay their own electric.

Supplements: Heat and hot water is included in the rent. There is a coin-op laundry on site.

Listing Details MLS# 202439

Location, Tax & Legal

Registry
Middle Registry
Street #
19
Street Name
Franklin
Street Ext
St
State/Province
MA
Postal Code
01238
Map Ref
M:012 B:0A L:0000-0190.0
Assess Amt
793800
Elem School
Lee
Middle School
Lee
High School
Lee
Assessed Year
2013
Taxes
11185
Tax Year
2013
Page
90

Contract Information

Original List Price
795000
Limited Service
No
Agent Interest
None

General Property Description

Realtor.COM Type
Multi-Family
Sq Ft Liv Apx
13540
Sq Ft Source
Assessor
Total Rooms
60
Total Bedrooms
30
Total Full Baths
15
Total Bathrooms
15
Parking Spaces
20
Unit Style
Other
Year Built Apx
1985
Year Built Source
Assessor
Lot Size Dimensions
10,019
Acres Apx
0.23

Status Change Info

Status Change Date
2013-11-01
Under Contract Date
2013-09-09
Contingent
No
Sold Date
2013-10-31
Property Use *(Stat)
Investment

Building Info

Exterior Color
Red
Fuel Usage/Yr
$6,564 or 1,817 Gall

Heating Sys #

Heating Sys #
2

More Information

Hot Wtr Sys #

Hot Wtr Sys#
16

Electric Meters #

Electric Meters #
16

Remarks & Misc

Directions
Main St. to Franklin St. Behind dentist office.

Restrict Covenants

Unk
Yes

Basement

Slab
Yes

Exterior Amenities

Bus-School
Yes
Trash Private
Yes

Flood Hazard Area

No
Yes

Floor

Carpet
Yes
Linoleum
Yes

Fuel

Oil
Yes

Garage

None
Yes

Heat/Cool/Vent

Hot Water
Yes

Hot Water

Oil
Yes

Interior Amenities

Cable Avail
Yes

Internet Service

Cable Available
Yes
DSL Available
Yes

Lead Paint

Compliant
Yes

Title V

Not Applicable
Yes

Underground Oil Tank

No
Yes

Water

Public
Yes

Right to Farm Comm

Yes
Yes

Sewer

Public
Yes

No of Units

9 or More
Yes

Incl in Rent

Heat
Yes
Hot Water
Yes
Parking
Yes
Trash Removal
Yes

Electric Type

100 Amp
Yes
Circuit Breaker
Yes

Construction

Wood Frame
Yes

Roof

Asphalt
Yes
Fiberglass
Yes

Style

Other
Yes

Zoning

Multi
Yes

Insulation

Fiberglass
Yes

Seller Disc

No
Yes

Exterior Siding

Clapboard
Yes
Wood
Yes

Laundry

Coin Op
Yes

Possession

To Be Determined
Yes

Financing

Conventional
Yes

Property Features

No of Units: 9 or More Restrict Covenants: Unk Title V: Not Applicable Underground Oil Tank: No Water: Public Sewer: Public Right to Farm Comm: Yes Flood Hazard Area: No Incl in Rent: Heat; Hot Water; Parking; Trash Removal Electric Type: 100 Amp; Circuit Breaker Style: Other Interior Amenities: Cable Avail Internet Service: Cable Available; DSL Available Exterior Amenities: Bus-School; Trash Private Construction: Wood Frame Exterior Siding: Clapboard; Wood Roof: Asphalt; Fiberglass Basement: Slab Floor: Carpet; Linoleum Garage: None Fuel: Oil Hot Water: Oil Insulation: Fiberglass Laundry: Coin Op Lead Paint: Compliant Zoning: Multi Seller Disc: No Financing: Conventional Possession: To Be Determined

Documents

Listing Office: CENTURY 21 HOMETOWN ASSOCIATES (LENOX)
Listing Agent: Michael A Sorrentino
Last Updated: September - 01 - 2024
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