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34 Channing St, Newton, MA 02458

11 Bed, 5 Bath Multi-Family Home For Sale

34 Channing St, Newton, MA 02458 House For Sale - MLS #72541979
$1,899,000
11
5
Multi-Family
3 Family

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Property Description for 34 Channing St, Newton, MA 02458

Incredible opportunity to own a Multi family, 3 unit commercial/residential building in Newton Corner on a side street off of Washington st. 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 on the 1st and 4th floors. Sun soaked living and dining rooms with hardwood floors and beautiful eat in kitchens. The systems are newer with new hot water heater, garbage disposal, central vacuum and washer and dryer in each unit. INVESTORS! DEVELOPERS! CONTRACTORS! There is attractive condo conversion potential and attractive rental opportunity. Cap rate is about 5% right now with all 3 units being fully tenanted below market rates. 120K+ annual income easy to achieve that would bring up the cap rate up to 6.25%. MUST SEE.

Interior Details

6,000 sq. ft.
$316.50/sq. ft.

Exterior Details

0.08 acres
3,350 sq. ft.
5

Other Details

72541979
1910

Units Description

Unit #1
Rooms: 6      Bedrooms: 3      Full / Half Baths: 2      Levels: 1      Floor: 1      Rent: $3,500      Lease: Yes
Appliances : Range; Dishwasher; Disposal; Refrigerator; Washer; Dryer
Heating : Gas
Cooling : Central Air
Rent Includes : Water

Unit #2
Rooms: 5      Bedrooms: 3      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $2,900      Lease: Yes
Appliances : Range; Dishwasher; Disposal; Microwave; Washer; Dryer
Heating : Gas
Cooling : Window AC
Rent Includes : Water

Unit #3
Rooms: 8      Bedrooms: 5      Full / Half Baths: 2      Levels: 1      Floor: 3      Rent: $3,500      Lease: Yes
Appliances : Range; Dishwasher; Disposal; Microwave; Refrigerator; Washer; Dryer
Heating : Gas
Cooling : Central Air; Window AC
Rent Includes : Water

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Mortgage Calculator


(20%)

Monthly Mortgage Payments

$8,626
$12,014

MBTA> Stations Stops

Newtonville
1.09 miles
Boston College Station
1.61 miles
South Street Station
1.95 miles
Newton Center Station
2.02 miles
Waverley
2.10 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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