306 Riverside Ave Medford MA 02155 MLS #73225807

306 Riverside Ave
Medford, MA, 02155
$900,000
4 Beds
2 Baths
1,929 SqFt
0.15 Acres
$900,000
306 Riverside Ave
Medford, MA, 02155
OFFERS DUE TUES. 4/23 BY 5PM /// Medford 2-family – Prime location abutting a quiet neighborhood, walking trails along Mystic River through the school, easy access to 93, Riverside Yacht Club/Marina, and under 2 minutes to Meadow Glen mall (Wegman’s, Dicks, Marshalls, etc and close proximity to Wellington Square! 2 units side by side with common vestibule, huge fenced front and rear yard, 5-6 off-street parking spots, turnkey with strong historical rents. Units have historical charm with exposed beams, wide pine floors, fireplaces, cathedral primary bedrooms. Left side unit is tenanted through the end of May, right side unit is vacant. See historical rental data in paperclip attachment. Zoning study also available via paperclip. Great opportunity to get into the Medford market with a 5.68% CAP rate investment property! Open house dates coming soon for the weekend of April 20 and 21st. See firm remarks for property website.

Property Details

Price:
$900,000
MLS #:
73225807
Status:
Active Under Contract
Beds:
4
Baths:
2
Address:
306 Riverside Ave
Type:
Multi Family
Subtype:
2 Family – 2 Units Side by Side
City:
Medford
Listed Date:
Apr 18, 2024
State:
MA
Finished Sq Ft:
1,929
ZIP:
02155
Lot Size:
6,513 sqft / 0.15 acres (approx)
Year Built:
1910

Schools

Interior

Bathrooms
2 Full Bathrooms
Fireplaces Total
4
Flooring
Wood

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Bike Path, Highway Access, Marina, Public School, University
Construction Materials
Frame, Post & Beam
Parking Features
Off Street, Paved
Parking Spots
5
Roof
Shingle

Financial

Buyer Agent Compensation
2%%
Net Operating Income
$30,600
Tax Year
2024
Taxes
$6,360
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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 JR Associates. 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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306 Riverside Ave
Medford, MA