25-27 Minot Street

Reading, MA 01867

$2,445,000
Last Sold Price
10
Beds
12
Baths
8,760 Sq. Ft.
$279 / Sq. Ft.
8,760
Sq. Ft.
$279
per Sq. Ft.

Description

The Perfect End of the Year "Investment Purchase". A strong brick 12 unit complex with private parking lot. Steps to the commuter rail or highway. There are 10 one bedroom units and 2 studio units. All units are currently rented with no fixed term leases. The one bedroom units have balconies. Efficient Gas Heating and a newer roof makes this a great property. Update of heating system - there are two heating systems one for each building. One gas meter with two lines one for each building. There are...The Perfect End of the Year "Investment Purchase". A strong brick 12 unit complex with private parking lot. Steps to the commuter rail or highway. There are 10 one bedroom units and 2 studio units. All units are currently rented with no fixed term leases. The one bedroom units have balconies. Efficient Gas Heating and a newer roof makes this a great property. Update of heating system - there are two heating systems one for each building. One gas meter with two lines one for each building. There are 12 zones with thermostats in each unit. There is one water heater for both buildings. The Electric is paid by the tenant as each unit is individually metered.
  1. Listed by Mary L. Lawton • Lawton Real Estate, Inc

Property Details for 25-27 Minot Street

Town
Reading
Area
MA-Reading
Garage Spaces
0
Parking Spaces
12.00
Parking Spaces Total
12

Location

Listing Courtesy of Lawton Real Estate, Inc, Mary L. Lawton

Sold By Coldwell Banker Realty - Back Bay, Boston City Group, Inc.

Add your commute
LISTING UPDATED: 12/30/2022 08:30 AM

Property Details for 25-27 Minot Street

StatusSold
MLS #73060092
Days on Market21
Taxes$17,362 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1961
CountyMiddlesex County

Location

Listing Courtesy of Lawton Real Estate, Inc, Mary L. Lawton

Sold By Coldwell Banker Realty - Back Bay, Boston City Group, Inc.

Add your commute

Building Information for 25-27 Minot Street

Stories13Residences12Year Built1961Building Size-Lot Size0.42 AC / 18,305 SF

Payment Calculator

$14,790 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,343

Property Taxes

$1,447

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 25-27 Minot Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Golf Course, Highway Access, T-Station
  • Current Financing: Cash
  • Living Area: 8760.0
  • Color: Red Brick
  • SqFt with Basement: No
  • Total Units: 12
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Num of Baths: 12.0
  • Num of Full Baths: 12
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 12.00
  • Bathrooms Total Integer: 12
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Carpet, Laminate, Hardwood, Wall to Wall Carpet, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Features: Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen, Unit 3 Rooms(Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Frame, Brick
  • Exterior Features: Balcony, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck
  • Exterior Features: Balcony
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 3(None)
  • Cooling: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating: Natural Gas, Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: This property will be conveyed with all tenants in place. All tenants are at will. HEAT/HOT WATER IS INCLUDED IN RENT.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:016.000000122.0
  • Assessments: $1,302,500
  • Book: 34715
  • Tax Year: 2022
  • Zoning: A40
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 13
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 12
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $149,706.00
  • GRE: $47,531
  • NOI: $102,175.00
  • Operating Expense: $47,531.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 3
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 3
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $12,792.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 25-27 Minot Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 25-27 Minot 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
Joshua Eaton 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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lawton Real Estate, Inc, Mary L. Lawton

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.