4-8 Groton Rd

North Chelmsford, MA 01863

$755,000
Last Sold Price
8
Beds
3,954 Sq. Ft.
$191 / Sq. Ft.
3,954
Sq. Ft.
$191
per Sq. Ft.
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Sold 6/21/22
Sold 6/21/22

Description

Buyer could not get financing, Here is an opportunity that does not come often - 4 unit building with 2 car garage on .3 acre lot within walking distance to restaurants and shops, as well as public transportation. 3 units vacant, 1 unit with tenant TAW. Long time tenant has been there for a long time and is paying below market rate rent. Revenue based on market rate rents. 2 three bedroom units with laundry hookups, one de-leaded, one with central air. 2 smaller units - a 2 room studio and a 5 room,...Buyer could not get financing, Here is an opportunity that does not come often - 4 unit building with 2 car garage on .3 acre lot within walking distance to restaurants and shops, as well as public transportation. 3 units vacant, 1 unit with tenant TAW. Long time tenant has been there for a long time and is paying below market rate rent. Revenue based on market rate rents. 2 three bedroom units with laundry hookups, one de-leaded, one with central air. 2 smaller units - a 2 room studio and a 5 room, 1 bed with hardwood floors. All separate utilities, off street parking. Plenty of storage with full basement and walk up attic.
  1. Listed by The Courtney Group • LAER Realty Partners
  2. Listed by Tom Courtney • LAER Realty Partners

Property Details for 4-8 Groton Road

Town
Chelmsford
Area
MA-Chelmsford
Garage Spaces
2
Parking Spaces Total
8
LISTING CLOSED: 06/21/2022 12:00 AM

Property Details for 4-8 Groton Road

StatusSold
MLS #72923347
Days on Market59
Taxes$8,086 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1890
CountyMiddlesex County
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Location

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Building Information for 4-8 Groton Road

Stories5Residences4Year Built1890Building Size-Lot Size0.34 AC / 14,656 SF

Payment Calculator

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$4,436 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,762

Property Taxes

$674

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4-8 Groton Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access
  • Current Financing: Conv. Fixed
  • Living Area: 3954.0
  • Color: Green
  • 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: Unit 1(Range, Refrigerator), Unit 2(Refrigerator, Washer, Dryer), Unit 3(Range, Gas Water Heater, Utility Connections Varies per Unit
  • Basement Features: Full, Bulkhead, Concrete Floor
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • DoorFeatures: Storm Door(s)
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Varies Per Unit, Unit 1(undefined), Unit 2(Wall to Wall Carpet), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Features: Unit 1(Ceiling Fans, Bathroom with Shower Stall), Unit 2(Storage), Unit 3(Storage, Bathroom With Tub & Shower), Unit 4(Storage, Unit 1 Rooms(Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room), Unit 4 Rooms(Living Room, Kitchen, Family Room)
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Unit 2 Balcony/Deck
  • Exterior Features: Deck
  • Lot Description: Level
  • Patio And Porch Features: Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(None), Unit 2(Central Air), Unit 3(None), Unit 4(None)
  • Cooling: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating: Unit 1(Gas, Electric), Unit 2(Forced Air, Gas), Unit 3(Forced Air, Unit 4(Steam
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Listing Terms: Other (See Remarks)
  • Tax ID: M:0013 B:0025 L:2,3900851
  • Assessments: $513,700
  • Book: 10493
  • Tax Year: 2021
  • Zoning: CD
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $67,000.00
  • Insurance: $2,500.00
  • GRE: $14,000
  • RFS: $1,176
  • NOI: $53,000.00
  • Operating Expense: $14,000.00
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: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: N
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $5,700.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 1.0

Property History for 4-8 Groton Road

DateEvent & SourcePriceAppreciation
Jun 21, 2022

Sold

MLS PIN #72923347

$755,000—
Apr 7, 2022

Under Agreement

MLS PIN #72923347

—
Apr 7, 2022

Contingent

MLS PIN #72923347

—
DateEvent & SourcePrice
06/21/2022

Sold

MLS PIN #72923347

$755,000
04/07/2022

Under Agreement

MLS PIN #72923347

—
04/07/2022

Contingent

MLS PIN #72923347

—

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

Public Records for 4-8 Groton Road

Taxable ValueLand$201,700Additions$286,500Total$488,200
Tax Record2020$8,031 ($669 / month)
Home Facts
Total Finished SqFt3,954 SqFtAbove Grade Finished SqFt3,954 SqFtStories2Lot Size14,810 SqFtStyleMulti-Family Res (5+ Units)Year Built1890CountyMIDDLESEXAPNM:0013 B:0025 L:2

Schools near 4-8 Groton Road

This home is within Chelmsford School District.
Rating
School
Type
Grades
Distance
Col Moses Parker School
Public - 5 to 6
Chelmsford High School
Public - 9 to 12
Harrington Elementary School
Public - K to 4
Keystone Montessori School
Private - K to 6
Rating
School
Distance
Col Moses Parker School
Public5 to 6

Chelmsford High School
Public9 to 12

Harrington Elementary School
PublicK to 4

Keystone Montessori School
PrivateK to 6

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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LAER Realty Partners, The Courtney Group; LAER Realty Partners, Tom Courtney

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.