368 Concord Street

Framingham, MA 01702

$779,900
Price
3
Beds
3
Baths
1,510 Sq. Ft.
$516 / Sq. Ft.
1,510
Sq. Ft.
$516
per Sq. Ft.

Description

Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5,000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager”...Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5,000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager” in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 & the 2nd floor one bedroom would very much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens, and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns & long-term growth potential. Main roof is older.
  1. Listed by Diane B. Sullivan • Coldwell Banker Realty - Framingham

Property Details for 368 Concord Street

Town
Framingham
Area
MA-Framingham
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Open Houses

Wednesday, May 1st

5:00 PM - 6:00 PM

PublicView Details

Location

Listing Courtesy of Coldwell Banker Realty - Framingham, Diane B. Sullivan
Add your commute
LISTING UPDATED: 04/27/2024 03:07 AM

Property Details for 368 Concord Street

StatusActive
MLS #73220204
Days on Market27
Taxes$7,553 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1882
CountyMiddlesex County

Location

Listing Courtesy of Coldwell Banker Realty - Framingham, Diane B. Sullivan
Add your commute

Building Information for 368 Concord Street

Stories4Residences3Year Built1882Building Size-Lot Size0.23 AC / 9,888 SF

Payment Calculator

$4,886 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,256

Property Taxes

$629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 368 Concord Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Living Area: 1510.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: Yes
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Choice
Features
Interior Features
  • Appliances: Microwave, Refrigerator
  • Basement Features: Full, Interior Access, Bulkhead, 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
  • DoorFeatures: Insulated Doors, Storm Door(s)
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood, Stone/Ceramic Tile
  • Interior Features: Crown Molding, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Walk-Up Attic, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Kitchen
  • Interior Features: Window AC
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows, Storm Window(s)
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Other Structures: Shed(s)
  • Roof Material: Shingle
  • Waterfront Features: Waterfront, Beach Front, Pond, Direct Access, Public, Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterview Features: Pond
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Assigned
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Assigned
  • Parking Features: Off-Street, Assigned
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: Fuses, Circuit Breakers
  • Heating: Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Window AC units are tenant owned,main house roof is older,studio roof has recently been replace - Washer/dryer is common in the basement,1st floor one bedroom tenant has direct access,other 2 units have access through covered bulk head.
Tax Information
  • Tax ID: 490619
  • Assessments: $606,200
  • Book: 75269
  • Tax Year: 2024
  • Zoning: R1
Building / Association Information
Living Characteristics
  • Beds Total: 3
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • GOI: $60,000.00
  • NOI: $60,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • 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
Rental Info
Rental Info
  • Total Actual Rent: $5,000.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 368 Concord 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 368 Concord Street

Taxable ValueLand$196,400Additions$409,800Total$606,200
Tax Record2024$7,553 ($629 / month)
Home Facts
Baths3Total Finished SqFt1,510 SqFtAbove Grade Finished SqFt1,510 SqFtUnfinished Basement SqFt916 SqFtStories2Lot Size9,888 SqFtStyleTriplexYear Built1882Year Renovated1966ZoningR-1CountyMIDDLESEXAPNFRAM M:121 B:99 L:9042 U:000

Schools near 368 Concord Street

This home is within Framingham School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Miriam F Mccarthy School
PublicK to 5

Fuller Middle School
Public6 to 8

Framingham High School
Public9 to 12

Barbieri 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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368 Concord Street is a multi-family home for sale in Framingham, MA 01702. This property was listed for sale on April 4, 2024 by Coldwell Banker Realty - Framingham, it's currently listed at $779,900. It has been on the market for a total of 27 days and was last sold on July 31, 2020. This listing's school district is Framingham School District. Nearby schools include Miriam F Mccarthy School, Fuller Middle School and Framingham High School. 368 Concord Street is a 3-bed, 3-bath, 1,510 sqft multi-family home built in 1882.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty - Framingham, Diane B. Sullivan

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.