332 Main St

Ashland, MA 01721

$825,000
Last Sold Price
9
Beds
4,245 Sq. Ft.
$194 / Sq. Ft.
4,245
Sq. Ft.
$194
per Sq. Ft.
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Sold 10/30/20
Sold 10/30/20

Description

Beautifully maintained, 5 family investment property located within a short walk to downtown Ashland and just 1 mile from the commuter rail station. This property generates $80K income per year, and yields an impressive 6.4% CAP rate. There are 2 buildings on the property. The main house in the front has 4 units (1 x 3BR, 2 x 2BR, 1 x 1BR) and a very cute carriage house in the rear creates the 5th unit (1BR). All units are fully rented and occupancy rate has averaged 97-98% every year. All the heavy...Beautifully maintained, 5 family investment property located within a short walk to downtown Ashland and just 1 mile from the commuter rail station. This property generates $80K income per year, and yields an impressive 6.4% CAP rate. There are 2 buildings on the property. The main house in the front has 4 units (1 x 3BR, 2 x 2BR, 1 x 1BR) and a very cute carriage house in the rear creates the 5th unit (1BR). All units are fully rented and occupancy rate has averaged 97-98% every year. All the heavy lifting is done with $140K of capital improvements in the last 5 years. 2016 - high efficiency Viessman boiler with 5 zones and densepack insulation. 2017 - vinyl siding and new gutters. 2018 - new asphalt driveway with 10 space parking lot. 2019 - new asphalt roof. All units are well maintained, some with original hardwood floors, some with carpet. Coin op laundry in basement for additional income.
  1. Listed by Kevin Clue • WestHill Properties

Property Details for 332 Main Street

Town
Ashland
Area
MA-Ashland
Style
Garden
Garage Spaces
0
Open Parking Spaces
10.00
Parking Spaces Total
10
LISTING UPDATED: 08/06/2022 07:29 AM

Property Details for 332 Main Street

StatusSold
MLS #72721292
Days on Market28
Taxes$7,545 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1863
CountyMiddlesex County
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Location

Listing Courtesy of WestHill Properties, Kevin Clue

Sold By RE/MAX One Call Realty, Didier Lopez

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Building Information for 332 Main Street

Stories6Residences5Year Built1863Building Size-Lot Size0.30 AC / 13,068 SF

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$4,783 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,154

Property Taxes

$629

HOA Dues

$0

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Property Information for 332 Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park, Laundromat, House of Worship, Public School, T-Station, Sidewalks
  • Current Financing: Conv. Fixed
  • Living Area: 4245.0
  • Color: Grey
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Elementary
  • High School: Ashland High
  • Middle School: Ashland Middle
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator, Vent Hood), Unit 2(Range, Refrigerator), Unit 3(Range, Unit 4(Wall Oven, Countertop Range, Gas Water Heater, Tankless Water Heater, Tankless, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Basement Features: Full, Walk Out, Concrete Floor
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • DoorFeatures: Insulated Doors, Storm Door(s)
  • FireplaceFeatures: Unit 4(Fireplace - Wood burning)
  • FireplaceYN: Yes
  • Fireplaces: 2
  • Flooring: Vinyl, Carpet, Hardwood, Unit 4(Hardwood Floors)
  • Interior Features: Unit 4(Bathroom with Shower Stall), Unit 1 Rooms(Living Room, Kitchen, Office/Den), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Washer Hookup
  • Window Features: Insulated Windows, Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters, Professional Landscaping, Garden
  • Exterior Features: Screens, Professional Landscaping, Garden Area
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Assigned, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Assigned, Paved Driveway
  • Parking Features: Off-Street, Assigned, Paved Driveway
Utilities
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Cooling: No
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, 200+ Amp Service
  • Green Energy Efficient: Varies per Unit
  • Heating: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Baseboard, Unit 4(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • UFFI: No
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Seller is listing agent. Interior photos taken when units were vacant. Apartments are 100% rented today. Showings start on Sept 12th.
Tax Information
  • Listing Terms: Lender Approval Required
  • Tax ID: M:014.0 B:0415 L:0000.0,3294112
  • Assessments: $466,900
  • Book: 30590
  • Tax Year: 2020
  • Zoning: Res. B
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Block, Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 6
Income / Expenses
  • Electricity: $3,300.00
  • Annual Expenses Source: Owner
  • GOI: $80,040.00
  • Gross Scheduled Income: $2,900.00
  • Insurance: $2,790.00
  • GRE: $24,300
  • RFS: $1,344
  • RME: $2,330
  • NOI: $55,740.00
  • Operating Expense: $24,300.00
  • WSE: $4,080.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,670.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.25
  • Other Agent Compensation: 0

Property History for 332 Main Street

DateEvent & SourcePriceAppreciation
Oct 30, 2020

Sold

MLS PIN #72721292

$825,000—
Sep 19, 2020

Under Agreement

MLS PIN #72721292

—
Sep 19, 2020

Contingent

MLS PIN #72721292

—
Sep 5, 2020

Listed (Active)

MLS PIN #72721292

$839,000—
Sep 12, 2006

Sold (Public Record)

Public Record #326566694

$1

-82.6% / yr

Aug 26, 1999

Sold (Public Record)

Public Record #89608092

$227,000—
DateEvent & SourcePrice
10/30/2020

Sold

MLS PIN #72721292

$825,000
09/19/2020

Under Agreement

MLS PIN #72721292

—
09/19/2020

Contingent

MLS PIN #72721292

—
09/05/2020

Listed (Active)

MLS PIN #72721292

$839,000
09/12/2006

Sold (Public Record)

Public Record #326566694

$1

-82.6% / yr

08/26/1999

Sold (Public Record)

Public Record #89608092

$227,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 332 Main Street

Taxable ValueLand$218,000Additions$549,900Total$767,900
Tax Record2025$9,806 ($817 / month)
Home Facts
Lot Size13,068 SqFtStyleMulti-Family Dwelling (2-4)ZoningR4CountyMIDDLESEXAPNASHL M:014.0 B:0415 L:0000.0Fireplace TypeHas Fireplace

Schools near 332 Main Street

This home is within Ashland School District.
Rating
School
Type
Grades
Distance
Henry E Warren Elementary School
Public - K to 2
David Mindess Elementary School
Public - 3 to 5
Ashland Middle School
Public - 6 to 8
Ashland High School
Public - 9 to 12
Rating
School
Distance
Henry E Warren Elementary School
PublicK to 2

David Mindess Elementary School
Public3 to 5

Ashland Middle School
Public6 to 8

Ashland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WestHill Properties, Kevin Clue

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.