19 Franklin St, Lee, MA 01238 (MLS# 202439)

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

APOD ›

Listing Office: CENTURY 21 HOMETOWN ASSOCIATES (LENOX)

Listing Agent: Michael A Sorrentino

Last Updated: September - 01 - 2024

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