Sold
Last Sold Price
8 beds4,100 sqft$98/sqft
93-97 First Parish Rd, Scituate, MA 02066
Multi FamilyProperty Type
0.5 acresLot Size
1900Year Built
$98/sq ftPrice per sq ft
10 carsParking Spaces

Description

This 5 unit multifamily property has been owned by same owner for over 20 years. Comprised of 5 units (1 Three BR, 1 Two BR, 3 One BR). This building has Gas Heat with Town Water/Sewer. It's Fully Leased with below market rents. Four of the tenants are on leases and One tenant is a TAW. Approx. 10 Parking Spots in the driveway offer plenty of parking for tenants and with public parking located across the street you have plenty of parking for guests. Calculated 9.2% Cap Rate on VERY conservative Pro-Forma...This 5 unit multifamily property has been owned by same owner for over 20 years. Comprised of 5 units (1 Three BR, 1 Two BR, 3 One BR). This building has Gas Heat with Town Water/Sewer. It's Fully Leased with below market rents. Four of the tenants are on leases and One tenant is a TAW. Approx. 10 Parking Spots in the driveway offer plenty of parking for tenants and with public parking located across the street you have plenty of parking for guests. Calculated 9.2% Cap Rate on VERY conservative Pro-Forma Income. Please email me or call me for the Official Offering Memo. Building is approx 1/2 mile from the beautiful downtown Scituate Harbor and about 1 mile from Greenbush Commuter Rail into that takes you into Boston in about 20 min. This is an extremely rare opportunity to own a 5 unit multifamily in the wonderful town of Scituate at a very attractive price. Priced to sell at $495,000...this property won't last!
  • Listed by: Colin Moynihan • Ellis Realty Advisors
Listing closed: 11/20/2015 12:00 AM • Source: MLS PIN, MLS#: 71916411

Location

Listing Courtesy of Ellis Realty Advisors, Colin Moynihan

Sold By Ellis Realty Advisors, Colin Moynihan

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$2,625 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,067

Property Taxes

$558

HOA Dues

$0

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Property Information for 93-97 First Parish Road

Property Details
  • Taxes: $6,691 / year
  • MLS Type: Multi-family / 5+ Family - 5+ Units Up/Down
  • Town: Scituate
  • Area: MA-Scituate
  • Garage Spaces: 0
  • Parking Spaces Total: 10
Building Information
  • Stories: 7
  • Residences: 5
  • Year Built: 1900
  • Lot Size: 0.50 AC / 21,780 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf Course, Laundromat, Bike Path, Conservation Area, Marina, Public School, T-Station
  • Current Financing: Cash
  • Living Area: 4100.0
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Owner
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Dishwasher, Microwave, Countertop Range, Refrigerator, Freezer), Unit 4(Range, Freezer, Other (See Remarks)), Gas Water Heater
  • Basement Features: Crawl
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Unit 2(Pantry, Bathroom with Shower Stall), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Kitchen, Family Room), Unit 4 Rooms(Living Room, Loft, Other (See Remarks))
Exterior Features
  • Exterior Features: Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck
  • Lot Description: Wooded, Cleared
  • Waterfront Features: Beach Front, Harbor, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Stone/Gravel, Other
  • Parking Features: Stone/Gravel, Other
  • Parking Features: Stone/Gravel
Utilities
  • Heating: Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Assessments: $0
  • Book: 0
  • Tax Year: 2014
  • Zoning: tc
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $19,620.00
  • NOI: $19,620.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Lease U3: N
  • Levels U3: 2
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $4,170.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 2%

Property History for 93-97 First Parish Road

DateEvent & SourcePriceAppreciation
Nov 20, 2015

Sold

MLS PIN #71916411

$400,000
Oct 14, 2015

Under Agreement

MLS PIN #71916411

Oct 14, 2015

Contingent

MLS PIN #71916411

DateEvent & SourcePrice
11/20/2015

Sold

MLS PIN #71916411

$400,000
10/14/2015

Under Agreement

MLS PIN #71916411

10/14/2015

Contingent

MLS PIN #71916411

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

Schools near 93-97 First Parish Road

This home is within Scituate School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Jenkins Elementary School
PublicK to 5

Gates Intermediate School
Public6 to 8

Scituate 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 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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Ellis Realty Advisors, Colin Moynihan

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.