$580,000
$549,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
494 Lincoln Street Marlborough, MA 01752
4 Beds
4 Baths
2,088 SqFt
Key Details
Sold Price $580,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,088 sqft
Price per Sqft $277
MLS Listing ID 73148467
Sold Date 12/28/23
Bedrooms 4
Full Baths 4
Year Built 1880
Annual Tax Amount $4,277
Tax Year 2023
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Offers due by Monday 11/20 at 12pm. Opportunity knocks. Back on Market due to buyer's financing. Great for investors or for owner occupancy. Highly desirable locale with direct access to a number of major interstate highways, with many restaurants, shops, parks, bus all within walking distance. This lot, Zoned for 4-8 Family boast a 3-Family with great rental history, provides a great rental income potential with estimated cap rate of 7.8% in optimum conditions. Unit 1F and 1R was recently renovated in 2023 and Unit 2 in 2021. Many updates to mention such as roof (2020), read decks (2020/2021), new electrical wiring plus electric panels (2021), Energy Efficient Mini-Split in all units (2021), whole house insulation by Mass Save (2021). Don't miss this.
Location
State MA
County Middlesex
Zoning 4 - 8 unit
Direction GPS, corner lot
Rooms
Basement Full, Crawl Space
Interior
Interior Features Unit 2(Ceiling Fans), Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo, Mudroom, Office/Den), Unit 3 Rooms(Kitchen, Living RM/Dining RM Combo)
Appliance Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator)
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
Waterfront false
Roof Type Shingle
Parking Type Paved Drive, Off Street
Total Parking Spaces 10
Garage No
Building
Lot Description Corner Lot
Story 4
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools District
Middle Schools Whitcomb
High Schools Amsa, Mhs
Others
Senior Community false
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Bought with Patricia Almeida Vega • Vega Realty, LLC