245 Hill St Norwood MA 02062 MLS #73270214

245 Hill St
Norwood, MA, 02062
$1,200,000
7 Beds
3 Baths
2,488 SqFt
0.2 Acres
$1,200,000
245 Hill St
Norwood, MA, 02062
Welcome to this incredible investment or owner-occupied opportunity with an exceptional commuter friendly location in Norwood. This fully rented three-unit property presents an opportunity for seasoned investors or anyone seeking a cash-flowing property with three generously sized units, all separate utilities and a strong rental history. The property is well maintained, recent updates including fresh paint on the outside, electrical upgrades including new meter for common areas. Both units 2 and 3 were completely renovated two years ago, first floor apartment is long term tenant and first floor kitchen was remodeled completely, new water heater on third floor. Laundry facilities in basement. Don’t miss out on this rare chance to own in this sought after location, and begin enjoying the benefits of passive income in this thriving rental market. Showings begin at the scheduled open houses. Sale of multi family includes 7,000 square feet vacant lot adjacent to the property.

Property Details

Price:
$1,200,000
MLS #:
73270214
Status:
Pending
Beds:
7
Baths:
3
Address:
245 Hill St
Type:
Multi Family
Subtype:
3 Family
City:
Norwood
Listed Date:
Jul 27, 2024
State:
MA
Finished Sq Ft:
2,488
Total Sq Ft:
2,488
ZIP:
02062
Lot Size:
8,679 sqft / 0.20 acres (approx)
Year Built:
1950
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Community Features
Public Transportation, Laundromat
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
6
Roof
Shingle

Financial

Net Operating Income
$94,800
Tax Year
2024
Taxes
$6,563
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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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