38-40 Pleasant St

3,240 Sq. Ft.
$401 / Sq. Ft.
3,240
Sq. Ft.
$401
per Sq. Ft.

Description

Investors! Don’t miss your chance to own this RARE 4-Family in downtown Reading center. Nothing to do but collect rent from the established tenants and build equity for your future. Condo conversion also an option. All 4 tenants are Tenants At Will. The property has two 1BR units and two 2BR units. Both units of the #40 side are CERTIFIED DELEADED. Lots of basement storage on both sides, as well as 2 parking spaces. Each unit has separate utilities. Renovations by prior owner include windows (2015),...Investors! Don’t miss your chance to own this RARE 4-Family in downtown Reading center. Nothing to do but collect rent from the established tenants and build equity for your future. Condo conversion also an option. All 4 tenants are Tenants At Will. The property has two 1BR units and two 2BR units. Both units of the #40 side are CERTIFIED DELEADED. Lots of basement storage on both sides, as well as 2 parking spaces. Each unit has separate utilities. Renovations by prior owner include windows (2015), roof (2014), gas furnace (2012). Recent updates to 3 units include updated electrical, new stove, new vent hood, new toilet, gutter extensions and masonry repair. Perfectly located within walking distance to everything downtown Reading has to offer, including Commuter Rail, Senior Center, shops, banks, schools, medical, dental, pharmacy and restaurants. Group showing Monday, November 6th from 4:00-6:00 PM.
  1. Listed by Jennifer Hardin • True North Realty

Property Details for 38-40 Pleasant Street

Town
Reading
Area
MA-Reading
Garage Spaces
0
Open Parking Spaces
2.00
Parking Spaces Total
2
LISTING UPDATED: 12/14/2023 03:16 PM

Property Details for 38-40 Pleasant Street

StatusSold
MLS #73175620
Days on Market23
Taxes$12,396 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of True North Realty, Jennifer Hardin

Sold By Harbor View Real Estate Corp., Steven Gould

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Building Information for 38-40 Pleasant Street

Stories6Residences4Year Built1900Building Size-Lot Size0.07 AC / 3,244 SF

Payment Calculator

$7,579 per month

30 year fixed, 6.46% Interest

Principal and Interest

$6,546

Property Taxes

$1,033

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 38-40 Pleasant Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
  • Current Financing: Withheld
  • Living Area: 3240.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Unit 1(undefined), Unit 2(Wood Flooring, Stone/Ceramic Tile Floor), Unit 3(Wall to Wall Carpet, Unit 4(Wood Flooring
  • Interior Features: Unit 1(Walk-In Closet, Bathroom With Tub & Shower), Unit 2(Walk-In Closet, Unit 3(Walk-In Closet, Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Office/Den, Other (See Remarks)), Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Washer Hookup, Unit 1(Washer & Dryer Hookup)
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Gutters
  • Exterior Features: Porch
  • Lot Description: Level
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Open Parking: Yes
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Unit 1(Central Heat, Hot Water Baseboard, Gas, Unit Control), Unit 2(Central Heat, Unit 3(Central Heat, Unit 4(Central Heat, Hot Water Radiators
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: Seller is a licensed Real Estate agent.
Tax Information
  • Tax ID: M:022.000000069.0
  • Assessments: $984,600
  • Book: 79988
  • Tax Year: 2023
  • Zoning: BUSB
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $94,200.00
  • Insurance: $4,165.00
  • GRE: $6,508
  • RME: $600
  • NOI: $88,292.00
  • Operating Expense: $6,508.00
  • WSE: $1,743.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $7,850.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 38-40 Pleasant Street

DateEvent & SourcePriceAppreciation
Dec 14, 2023

Sold

MLS PIN #73175620

$1,300,000
Nov 24, 2023

Under Agreement

MLS PIN #73175620

Nov 8, 2023

Contingent

MLS PIN #73175620

DateEvent & SourcePrice
12/14/2023

Sold

MLS PIN #73175620

$1,300,000
11/24/2023

Under Agreement

MLS PIN #73175620

11/08/2023

Contingent

MLS PIN #73175620

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

Schools near 38-40 Pleasant Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
J. Warren Killam Elementary School
PublicK to 5

Walter S Parker Middle School
Public6 to 8

Reading Memorial 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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Listing Courtesy of True North Realty, Jennifer Hardin

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.