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197 Walnut St, Newton, MA 02460

7 Bed, 4 Bath Multi-Family Home For Sale

197 Walnut St, Newton, MA 02460 House For Sale - MLS #72496459
$1,649,000
7
4
Multi-Family
2 Family

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Property Description for 197 Walnut St, Newton, MA 02460

Unique opportunity to own a gorgeous RENOVATED Victorian multi family in the heart of Newtonville right by the Washington Place and 28 Austin Street developments. Steps to the commuter rail, express bus to downtown Boston, Mass Pike, supermarkets, restaurants, coffee shops and many more. Walking distance schools. New systems include gas heating and central AC throughout the home with irrigation system, newer roof, gorgeous paved driveway and expansive stone patio. Sun soaked living and dining rom and newly renovated beautiful eat in kitchens w/ granite countertops and all stainless steel appliances and updated bathrooms. New electrical/ recessed lighting and 2 wood burning working fireplaces. The area has a great value increase potential because of the new condo developments. INVESTORS! There is attractive condo conversion potential and attractive rental opportunity. Cap rate is about 5%. Both units are fully tenanted below market rates. $100,000 + annual income easy to achieve.

Interior Details

3,649 sq. ft.
$451.90/sq. ft.

Exterior Details

0.23 acres
10,004 sq. ft.
4

Other Details

72496459
1880

Units Description

Unit #1
Rooms: 5      Bedrooms: 2      Full / Half Baths: 2      Fireplaces: 1      Levels: 1      Floor: 1      Rent: $3,200      Lease: Yes
Rooms : Living Room; Dining Room; Kitchen; Laundry
Appliances : Range; Dishwasher; Disposal; Microwave; Refrigerator; Washer; Dryer
Interior Features : Tile Floor; Crown Molding; Fireplace - Wood burning; Stone/Granite/Solid Counters; Hardwood Floors; Upgraded Cabinets; Upgraded Countertops; Remodeled
Heating : Central Heat; Forced Air; Gas
Cooling : Central Air
Rent Includes : Water

Unit #2
Rooms: 9      Bedrooms: 5      Full / Half Baths: 2      Levels: 2      Floor: 2      Rent: $4,500      Lease: Yes
Rooms : Living Room; Dining Room; Kitchen; Laundry
Appliances : Range; Dishwasher; Disposal; Microwave; Refrigerator; Washer; Dryer
Interior Features : Tile Floor; Stone/Granite/Solid Counters; Hardwood Floors; Upgraded Cabinets; Upgraded Countertops; Wood Flooring; Remodeled
Heating : Central Heat; Forced Air; Gas
Cooling : Central Air
Rent Includes : Water

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Monthly Mortgage Payments

$7,490
$10,432

MBTA> Stations Stops

Newtonville
0.13 miles
West Newton
1.10 miles
Newton Center Station
1.86 miles
Auburndale
2.02 miles
Waltham
2.05 miles

Town Description

Newton, known as the Garden City, is located six miles west of Boston. It lies within the so-called Boston Basin, a tiny structure of the Appalachian Mountain Range. Originally a part of Cambridge,...

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