27-31 Essex Street

Marlborough, MA 01752

$690,000
Last Sold Price
7
Beds
3
Baths
3,600 Sq. Ft.
$192 / Sq. Ft.
3,600
Sq. Ft.
$192
per Sq. Ft.

Description

Virtual Tour: https://www.tourvista.com/virtual-tour.php? id=25150&nocontact. Wow! Great price for this investment. Be surprised by this unique 3 family investment property in Marlborough. Total monthly rental income of $5,700 equals $68,400/yr. The property consists of a 2 family unit & a detached single family unit. Currently the single family 3 bed/1 bath rents for $2250/mo, the 1st floor of the 2 family w/ 2 beds/1 bath rents for $1700/mo & the 2nd floor unit w/ 2 beds/1 bath rents for $1750/mo....Virtual Tour: https://www.tourvista.com/virtual-tour.php? id=25150&nocontact. Wow! Great price for this investment. Be surprised by this unique 3 family investment property in Marlborough. Total monthly rental income of $5,700 equals $68,400/yr. The property consists of a 2 family unit & a detached single family unit. Currently the single family 3 bed/1 bath rents for $2250/mo, the 1st floor of the 2 family w/ 2 beds/1 bath rents for $1700/mo & the 2nd floor unit w/ 2 beds/1 bath rents for $1750/mo. Both 2 bed units could easily be converted/rented as 3 beds providing more rental income/mo for a greater return on investment. All 3 units are in great shape w/ hardwood floors, newer windows, stainless appliances, private laundry, private driveways for each & a great back yard for all to use. Nice neighborhood location. Pics #2-13 are of single fam, pics #14-24 are of 2nd fl unit in the 2 fam and pics #25-36 are of the 1st fl unit in the 2 fam.
  1. Listed by Dan Young • Coldwell Banker Realty - Natick

Property Details for 27-31 Essex Street

Town
Marlborough
Area
MA-Marlborough
Style
Garden
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10

Location

Listing Courtesy of Coldwell Banker Realty - Natick, Dan Young

Sold By Empire Realty Group, Sandra DeOliveira

Add your commute
LISTING UPDATED: 08/06/2022 07:21 AM

Property Details for 27-31 Essex Street

StatusSold
MLS #72614824
Days on Market93
Taxes$7,446 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Coldwell Banker Realty - Natick, Dan Young

Sold By Empire Realty Group, Sandra DeOliveira

Add your commute

Building Information for 27-31 Essex Street

Stories4Residences3Year Built1900Building Size-Lot Size0.36 AC / 15,841 SF

Payment Calculator

$4,386 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,766

Property Taxes

$621

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 27-31 Essex Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Highway Access, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 3600.0
  • Color: Yellow
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual,Renovated Since
  • Year Built Source: Public Records
Location/School
  • Grade School: Kane Elementary
  • High School: Mhs
  • Middle School: Whitcomb Middle
Features
Interior Features
  • Appliances: Unit 1(Microwave, Washer, Dryer, Refrigerator - ENERGY STAR, Oven - ENERGY STAR), Unit 2(Washer, Unit 3(Washer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Basement Features: Interior Access, Concrete Floor
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors), Unit 3(Tile Floor, Hardwood Floors, Wall to Wall Carpet)
  • Interior Features: Unit 2(Ceiling Fans, Pantry, Storage, Bathroom With Tub & Shower), Unit 3(Ceiling Fans, Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Office/Den), Unit 3 Rooms(Living Room
  • Laundry Features: Washer Hookup, Unit 2 Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters, Garden, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Exterior Features: Garden Area, Deck
  • Patio And Porch Features: Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • 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(None), Unit 3(None)
  • Cooling: No
  • Electric: 110 Volts, Circuit Breakers, 100 Amp Service
  • Heating: Unit 1(Hot Water Radiators, Gas, Individual, Unit Control), Unit 2(Hot Water Radiators, Unit 3(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
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: NO ONE TO WALK PROPERTY WITHOUT AN APPOINTMENT. ALL UNITS RENTED. Both buildings treated for termites/ 8yrs left on guarantee,see attached invoices. Expenses are estimated from owner. Listing Agent makes no warranties/representations as to accuracy of listing info. Buyer/agent to verify all info.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:070 B:465 L:000,615063
  • Assessments: $529,200
  • Book: 69806
  • Tax Year: 2019
  • Zoning: RES
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • Electricity: $.00
  • Annual Expenses Source: Owner
  • GOI: $68,400.00
  • Gross Scheduled Income: $.00
  • Insurance: $2,000.00
  • GRE: $11,000
  • HTE: $0
  • MGF: $0
  • MSE: $0
  • RFS: $0
  • RME: $0
  • NOI: $68,400.00
  • Operating Expense: $11,000.00
  • WSE: $2,000.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,700.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 27-31 Essex Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 27-31 Essex Street

Taxable ValueLand$235,900Additions$489,900Total$725,800
Tax Record2024$7,432 ($619 / month)
Home Facts
Lot Size15,841 SqFtStyleMulti-Family Dwelling (2-4)CountyMIDDLESEXAPNMARL M:070 B:465 L:000

Schools near 27-31 Essex Street

This home is within Marlborough School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Francis J. Kane Elementary
PublicK to 4

1 Lt Charles W. Whitcomb School
Public6 to 8

Marlborough High School
Public9 to 12

Goodnow Brothers Elementary School
PublicK to 5

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.

Similar Homes

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Similar Sold Homes

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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 Coldwell Banker Realty - Natick, Dan Young

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.