Cindy Gordon
Coldwell Banker Residential Brokerage | 774-249-4824 | cindygordonhomes@gmail.com

53 Mechanic Street, Marlborough, MA 01752

Multi-Family

$245,000
Price
$204,000
Sale Price

3
Units
1,800
Approx. GLA
This is a wonderful opportunity for any investor. Classic Brick 3 family in heart of Downtown Marlborough with 6 car parking (2 spaces per unit). Three (1) bedroom units fully rented to tenants at will. Great income for the price or also an exciting project for a condo conversion. Unit 1 is rented for $700, Unit 2 is rented for $750 and Unit 3 is rented for $550. Tenants pay heat and electric. There is a coin op washer dryer in basement that nets about $70/month. Net income of just around $2,000/month after expenses. Unit 1 and 2 have older gas heating systems. Unit 3 has electric baseboard heating. Major basement support beam renovation just completed in August 2016 Some updates to baths and kitchens would make this a great long term investment! Downtown Marlborough is HOT, and the future potential is huge.
Highlights
Sale Price: $204,000
Settled Date: 12/23/2016 12:00:00 AM
Basement Features: Full, Dirt Floor
List Price: $245,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Sold
Beds: 3
Baths: 3
Units: 3
Year Built: 1890
Year Round: Yes
Approx. GLA: 1,800
MLS#: 71958444
 
Interior
Basement: Yes
Electricity Cost: $240
Electric Features: 200 Amps
Heating Units: 2
Heating Zones: 3
Hot Water: Natural Gas
Rooms: 9
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.08
Lot Size: 3,522.00
Lot Description: Corner, Easements, Gentle Slope
Foundation: Fieldstone
Parking Spaces: 6
Parking Features: Off-Street
Road Type: Paved
Color: Evergreen
Construction: Brick
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Electric Range
Exterior: Brick
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $999,999
Taxes: $2,945
Tax Year: 2016
Book/Page: 41644/419
Warranty Available: Unknown
Beach
Beach: No
Expenses
Gross Income: $24,240
Gross Expenses: $2,540
Net Income: $21,700
Insurance Cost: $1,100
Water Cost: $1,200
 
Additional
Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, Public School
Disclosure Declaration: No
Disclosure: older gas heating systems, updated electric panel. roof about 10 years old. part of roof is new. small easement in rear of driveway does not effect current parking.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 No 1 $700
Unit 2 4 1 0 2 1 0 No 1 $750
Unit 3 2 1 0 3 1 0 No 1 $500
Units Extras
Unit 1
Rent Includes:  Water, Hot Water  Cooling:  Window AC  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water, Hot Water  Cooling:  Window AC  Applicances:  Range, Refrigerator  Heating:  Hot Water Baseboard, Gas  Rooms:  Living Room, Kitchen, Office/Den 
Unit 3
Rent Includes:  Water, Hot Water  Cooling:  Window AC  Applicances:  Range, Refrigerator  Heating:  Electric Baseboard  Rooms:  Living Room, Kitchen 
Map
The listing office is Coldwell Banker Residential Brokerage - Concord and the listing agent is Craig M. Pitzi. The property listing data and information, or the images, 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, and the images, 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 it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 6/27/2017 10:35:00 PM.
 
Cindy Gordon
Cindy Gordon
Coldwell Banker Residential Brokerage