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2-4 Mechanic St, Newton, MA 02464

12 Bed, 8 Bath Multi-Family Home For Sale

2-4 Mechanic St, Newton, MA 02464 House For Sale - MLS #72449166
Off the Market
$2,095,000
12
8
Multi-Family
4 Family

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Property Description for 2-4 Mechanic St, Newton, MA 02464

Beautiful 4 unit multifamily that was just fully gut renovated! All new everything! All four duplex units have 3 bedrooms, 2 full bathrooms, laundry in unit, new HVAC heating systems with central air, granite counters, stainless steel appliances, and parking. This is every commuters dream! Short walk to Elliot T stop on Green line, or short drive to Rt 9 and Rt 95. A great opportunity for an investor or owner-occupant. One unit is currently leased through 2/29/20, all other three leases are ending 8/31/19 and are rented below market value. Current gross annual income is $123,600, but opportunity to add income with increased rents beginning 9/1.

Interior Details

4,333 sq. ft.
$483.50/sq. ft.

Exterior Details

0.10 acres
4,356 sq. ft.
4

Other Details

72449166
1850

Units Description

Unit #1
Rooms: 5      Bedrooms: 3      Full / Half Baths: 2      Levels: 2      Floor: 1      Rent: $2,500      Lease: Yes

Unit #2
Rooms: 5      Bedrooms: 3      Full / Half Baths: 2      Levels: 2      Floor: 2      Rent: $2,600      Lease: Yes

Unit #3
Rooms: 5      Bedrooms: 3      Full / Half Baths: 2      Levels: 5      Floor: 1      Rent: $2,500      Lease: Yes

Unit #4
Rooms: 5      Bedrooms: 3      Full / Half Baths: 2      Levels: 2      Floor: 2      Rent: $2,700      Lease: Yes

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Monthly Mortgage Payments

$9,516
$13,254

MBTA> Stations Stops

Eliot Station
0.42 miles
Newton Highlands Station
0.85 miles
Waban Station
1.14 miles
Newton Center Station
1.61 miles
Needham Heights
1.62 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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