368 Concord Street Framingham MA 01702 MLS #73220204

368 Concord Street
Framingham, MA, 01702
$779,900
3 Beds
3 Baths
1,510 SqFt
0.23 Acres
$779,900
368 Concord Street
Framingham, MA, 01702
Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5,000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager” in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 & the 2nd floor one bedroom would very much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens, and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns & long-term growth potential. Roof is older.

Property Details

Price:
$779,900
MLS #:
73220204
Status:
Pending
Beds:
3
Baths:
3
Address:
368 Concord Street
Type:
Multi Family
Subtype:
3 Family
City:
Framingham
Listed Date:
Apr 4, 2024
State:
MA
Finished Sq Ft:
1,510
Total Sq Ft:
1,510
ZIP:
01702
Lot Size:
9,888 sqft / 0.23 acres (approx)
Year Built:
1882
Units:
3

Schools

Elementary School:
Choice

Interior

Appliances
Microwave, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Tile, Hardwood, Stone/ Ceramic Tile
Heating
Baseboard, Natural Gas
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T- Station, Sidewalks
Construction Materials
Frame
Exterior Features
Rain Gutters
Other Structures
Shed(s)
Parking Features
Paved Drive, Off Street, Assigned
Parking Spots
6
Roof
Shingle

Financial

Net Operating Income
$60,000
Tax Year
2024
Taxes
$7,553
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Coldwell Banker Realty – Framingham. 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.
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368 Concord Street
Framingham, MA