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    62-66 Cedar Street

    Framingham, MA 01702
    • $725,000
    • STATUS: Under Agreement
    • MLS #: 72789473
    Pending
    UPDATED: 24 min ago
    $725,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 3,307
      SQFT
    • $219
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Listing courtesy of Nelson Otuechere of Nco Realty Group Inc..

    Description

    This is a One of a Kind Investment located in Downtown Framingham! 62-64 Cedar street (2 Family) and 66 Cedar Street (Single Family) are two attached properties on the same 7,000 sqft Lot. All three units are well-kept and leased,currently generating $4,900/month. The CAP rate is over 8%. There is so much upside for rent maximization.All three units have good size bedrooms and the property has been professionally managed.62-64 Cedar street is a 2family dwelling: Unit 1: Duplex 5 bed/1 bath and Unit 2: 2 bed/1 bath. 66 Cedar street is a 2 bed/1bath single family home with on-site laundry. All separate systems. Lot equipped to offer 7+assigned parking spots. Two family and Single is offered as a package deal ONLY! Deal contingentupon seller identifying and securinga 1032 exchange.

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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 2021-04-13T08:07:57.74.
    www.westcottproperties.com/homes/114490448
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    62-66 Cedar Street Framingham, MA 01702

    • Price: $725,000
    • Status: Under Agreement
    • Updated: 24 min ago
    • MLS #: 72789473
    8
    Beds
    3
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,307
    SQFT
    $219
    $/SQFT
    1900
    Built
    Neighborhood:
    Framingham Center
    County:
    Middlesex
    Area:
    Framingham Center
    Property Description
    This is a One of a Kind Investment located in Downtown Framingham! 62-64 Cedar street (2 Family) and 66 Cedar Street (Single Family) are two attached properties on the same 7,000 sqft Lot. All three units are well-kept and leased,currently generating $4,900/month. The CAP rate is over 8%. There is so much upside for rent maximization.All three units have good size bedrooms and the property has been professionally managed.62-64 Cedar street is a 2family dwelling: Unit 1: Duplex 5 bed/1 bath and Unit 2: 2 bed/1 bath. 66 Cedar street is a 2 bed/1bath single family home with on-site laundry. All separate systems. Lot equipped to offer 7+assigned parking spots. Two family and Single is offered as a package deal ONLY! Deal contingentupon seller identifying and securinga 1032 exchange.
    Exterior Features

    Beachfront No Color Yellow Exterior Vinyl Exterior Features DeckBalcony Foundation Concrete Block Lot Description Other (See Remarks) Parking Features Off-StreetRentedTandemAssignedUnpaved DrivewayOther (See Remarks) Parking Spaces 7 Road Type Public Waterfront Flag No

    Interior Features

    Basement Yes Basement Features PartialWalk OutInterior AccessBulkhead Bedrooms Unit1 5 Bedrooms Unit2 2 Bedrooms Unit3 2 Energy Features Prog. Thermostat Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Flooring TileLaminateHardwood Floors Unit1 1 Floors Unit2 2 Floors Unit3 1 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Hot Water Natural Gas Levels 2 Levels Unit1 2 Levels Unit2 1 Levels Unit3 1 Rooms 15 Rooms Common Other (See Remarks) Rooms Unit1 7 Rooms Unit2 4 Rooms Unit3 4

    Property Features

    Amenities Public TransportationShoppingParkWalk/Jog TrailsLaundromatHighway AccessHouse Of WorshipT-StationUniversityOther (See Remarks) Apod Available No Assessments 355900.00 Contingency Type Pending P&S Disclosure No Disclosures 62-64 Cedar St. (2 Family) Living Area: 2557 Sqft & 66 Cedar St. (Single Family) Living Area: 750Sqft.Property is Sold "As is" . All Three Units Are Currently Leased - Taw. Lead Certificates For 66 Cedar Street. 62-64 Cedar Built in Year 1900 And 66 Cedar Built in Year 1947. Gross Operating Income 57600 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lender Owned No Lot 0004 Multifamily Type 3 Family Net Operating Income 57600 Rent Unit1 1950 Rent Unit2 1300 Rent Unit3 1550 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Combined Living Area For Both Properties Sq Ft Source Public Record Tax Year 2020 Taxes 5331.38 Utility Connections For Gas RangeWasher Hookup Water City/Town Water Year Built Description ActualUnknown/Mixed Year Built Source Public Record Zoning Res

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Nelson Otuechere of Nco Realty Group Inc..


    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 2021-04-13T08:07:57.74.
     
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    Westcott Properties
    178 Broadway
    Providence RI, 02903
    Listing courtesy of Nelson Otuechere of Nco Realty Group Inc..