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494 Lincoln Street

Marlborough, MA 01752
  • $549,000
  • STATUS: Under Agreement
  • MLS #: 73148467
Pending
UPDATED: 45 min ago
$549,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,088
    SQFT
  • $263
    $/SQFT
Type:
Multi-Family
Built:
1880
County:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Dave Digregorio of Coldwell Banker Realty - Waltham.

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.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2023-12-09T10:05:03.96.
www.westcottproperties.com/homes/142434582
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494 Lincoln Street Marlborough, MA 01752

  • Price: $549,000
  • Status: Under Agreement
  • On Site: Days
  • Updated: 45 min ago
  • MLS #: 73148467
4
Beds
4
Baths
0
½ Baths
0.2
Acres
2,088
SQFT
$263
$/SQFT
1880
Built
County:
Middlesex
Elementary School:
District
Middle School:
Whitcomb
High School:
Amsa, Mhs
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.
Exterior Features

Covered Spaces 0 Garage YN No Lot Features Corner Lot Open Parking YN Yes Parking Features Paved DriveOff Street Parking Total 10 Road Surface Type Paved Roof Shingle Spa YN No Waterfront YN No

Interior Features

Appliances Unit 1(RangeRefrigerator)Unit 2(RangeRefrigerator) Basement FullCrawl Space Building Area Total 2088 Fireplace YN No Fireplaces Total 0 Foundation Details Stone Interior Features Unit 2(Ceiling Fans)Unit 1 Rooms(KitchenLiving RM/Dining RM Combo)Unit 2 Rooms(KitchenLiving RM/Dining RM ComboMudroomOffice/Den)Unit 3 Rooms(KitchenLiving RM/Dining RM Combo) Lead Paint Unknown Rooms Total 12

Property Features

Buyer Agency Compensation 2.5 Community Features Public TransportationShoppingPoolTennis Court(s)ParkMedical FacilityLaundromatBike PathConservation AreaHighway AccessHouse of WorshipPrivate SchoolPublic School Contingency Pending P&S Disclosures Letter of Full Deleading Compliance - Unit 2 Deleaded. Property being sold "as is". Buyer/ Buyers Agent to verify all information deemed reliable. Owner has never lived in the property. Rent for unit 2 was under market value. Electric 110 Volts Exclusions All Tenants Possession. Gross Income 54000 Home Warranty YN No Net Operating Income 42730 Operating Expense 11270 Property Sub Type 3 Family - 3 Units Up/Down Senior Community YN No Sewer Public Sewer Tax Annual Amount 4277 Tax Year 2023 Total Actual Rent 4800 Transaction Broker Compensation 1 Water Source Public Year Built Details Actual Zoning 4 - 8 unit

Listing information © 2023 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Dave Digregorio of Coldwell Banker Realty - Waltham: 781-893-0808.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2023-12-09T10:05:03.96.
 
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Westcott Properties
178 Broadway
Providence RI, 02903
Listing courtesy of Dave Digregorio of Coldwell Banker Realty - Waltham.