Attention investors! Rare Offering! One of a Kind Massive 4-Family in desirable Newtonville .Newly renovated, luxury income producing multi family.Ideally located in a great commuter location with easy access to Mass pike and Soldiers field road.Short stroll to private and p...
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Last Checked: May 6th, 2024 at 11:50pm (Source: MLS PIN #73067469)
Gross Income: $300,000
Gross Expenses: $18,973
Net Income Calc: $281,027
CAP Rate: 7.03%
Annual Expenses for 397 Linwood Avenue, Newton MA 02460
Total Gross Expenses (Calculated)$18,973/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$18,973.87
Annual Income & Unit Breakdown for 397 Linwood Avenue, Newton MA 02460
Total Gross Income (Calculated)$300,000
Unit 1
Rental Income$6,000
LeaseN
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$6,500
LeaseN
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$6,000
LeaseN
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 4
Rental Income$6,500
LeaseN
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 397 Linwood Avenue, Newton MA 02460
Listing ID73067469
Property TypeMulti Family / 4 Family
Price$3,999,000 ($608.95/SqFt)
Style4 Family - 4 Units Up/down
CityNewton
CountyMiddlesex
MLS AreaNewtonville
Neighborhood(s)
Approximate Living Area Total6,567 SqFt
Approximate Lot Size (Acres)0.19 acres
Total Parking12
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningMR1
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesThermostat
Terms
Disclosures for 397 Linwood Avenue, Newton MA 02460
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureDoes not include 3207 sq ft basement.
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated
Total Gross Expenses By Broker$25,000
Total Gross Income By Broker$300,000
Total Net Income By Broker$275,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.0
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 397 Linwood Avenue, Newton MA 02460
Real Estate Taxes$18,973.87
Tax Year2021
Assessed Value$1,803,600
Financial Data SourceEstimated
Total Gross Expenses By Broker$25,000
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$300,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$275,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.03%
Location Information for 397 Linwood Avenue, Newton MA 02460
Elementary SchoolHorace Mann
Middle SchoolF.A. Day
High SchoolNnhs
Neighborhood(s)
MLS AreaNewtonville
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, T-station, Pool, Private School, University
Contact Information for 397 Linwood Avenue, Newton MA 02460