850 Broad Street is a multifamily property well-located in the heart of Jackson Square, Weymouth. Constructed in 1986, the building contains six (6) residential units comprised of two (2), 1-Bedroom/1-Bathroom units and four (4), Studio units with 2,991 square feet of living area in 3,042 square feet of gross area. The property has been well maintained throughout ownership, with recent improvements completed, and features on site laundry, and seven (7) off-street parking spaces. The units are separately metered for electricity, electric heat, and hot water which the tenants pay directly. The Landlord is responsible for common electric and domestic water and sewer. The current rents are below market and the opportunity exists to increase rents to market value via programmatic updates to the unrenovated units. 850 Broad Street offers convenient access to area retailers and restaurants and is 0.1-miles from an MBTA Bus Stop and 0.5-miles from the East Weymouth MBTA Station.
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Last Updated: October 14th, 2024 at 5:18am
Walk/jog Trails
Conservation Area
Highway Access
House Of Worship
Public School
Shopping
Golf
Park
Medical Facility
Bike Path
Public Transportation
T-station
University
General Information for 850 Broad St, Weymouth, Massachusetts 02189
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,075,000
Price per sqft$359.41
MLS #73300181
Handicap Access / FeaturesNo
List Date2024-10-09
Special Listing ConditionsNo
StateMassachusetts
Street NameBroad St
CityWeymouth
Zip Code02189
CountyNorfolk
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2991
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress850 Broad St, Weymouth MA 02189
Zoning
Interior Features for 850 Broad St, Weymouth, Massachusetts 02189
* Approx. Living Area Total2,991 sq ft
Living Area Includes BasementNo
Bedrooms2
* # Fireplaces0
Bathrooms (Total)6
Full Baths6
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure963 Sqft Basement Finish Seperate
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_11
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_30
MLSPIN_BEDRMS_40
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_41
MLSPIN_GRE$28,075
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate
Exterior Features for 850 Broad St, Weymouth, Massachusetts 02189
* Approximate Lot Size0.12 acres
Covered Parking Spaces0
Lot FeaturesCorner Lot
* Parking Spaces7
* Sewer Utilities
* Water Utilities
* Year Built1986
Year Built Details
Year Built SourcePublic Records
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsOther
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)5,227 Sqft
Disclosures for 850 Broad St, Weymouth, Massachusetts 02189
Buyer Agent Compensation2.5
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintNone
Living Area Disclosure963 Sqft Basement Finish Seperate
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 850 Broad St, Weymouth, Massachusetts 02189
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$84,840
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_12
MLSPIN_LEVELS_22
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11300
MLSPIN_RENT21290
MLSPIN_RENT31140
MLSPIN_RENT41080
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$56,764
OperatingExpense$28,075
OriginalListPrice$1,075,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
TOTAL_RENT7020
WaterSewerExpense$0
Lifestyle Information for 850 Broad St, Weymouth, Massachusetts 02189
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 850 Broad St, Weymouth, Massachusetts 02189
Elementary School
Middle School
High School
NumberOfUnitsTotal6
Marketing History for 850 Broad St, Weymouth, Massachusetts 02189
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 850 Broad St, Weymouth, Massachusetts 02189