48-54 Village Street

Reading, MA 01867

$1,050,000
Last Sold Price
9
Beds
4
Baths
3,658 Sq. Ft.
$287 / Sq. Ft.
3,658
Sq. Ft.
$287
per Sq. Ft.

Description

Outstanding opportunity for those seeking an excellent investment. Not for the faint at heart, this 4 family (buyers are always encouraged to verify zoning) is in need of significant updating, or also offers the possibility of tearing it down, and starting anew. The real value here is in the land and the zoning. In a wonderful location, near downtown, major routes, and shopping, this is an ideal location for renters, or perhaps condo buyers, should this be converted, or if 4 new units are to be built....Outstanding opportunity for those seeking an excellent investment. Not for the faint at heart, this 4 family (buyers are always encouraged to verify zoning) is in need of significant updating, or also offers the possibility of tearing it down, and starting anew. The real value here is in the land and the zoning. In a wonderful location, near downtown, major routes, and shopping, this is an ideal location for renters, or perhaps condo buyers, should this be converted, or if 4 new units are to be built. This area has seen many homes recently improved upon and/or converted to condos, and much new construction that has sold out quickly...identifying a demand here. For those who can take command of such a project, this is an excellent opportunity. Don't miss it!
  1. Listed by Rick Nazzaro • Colonial Manor Realty

Property Details for 48-54 Village Street

Town
Reading
Area
MA-Reading
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of Colonial Manor Realty, Rick Nazzaro

Sold By Colonial Manor Realty, Bobbie Botticelli

Add your commute
LISTING UPDATED: 08/06/2022 07:53 AM

Property Details for 48-54 Village Street

StatusSold
MLS #72940687
Days on Market3
Taxes$10,356 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1890
CountyMiddlesex County

Location

Listing Courtesy of Colonial Manor Realty, Rick Nazzaro

Sold By Colonial Manor Realty, Bobbie Botticelli

Add your commute

Building Information for 48-54 Village Street

Stories6Residences4Year Built1890Building Size-Lot Size0.19 AC / 8,400 SF

Payment Calculator

$6,593 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$863

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 48-54 Village Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access, University
  • Current Financing: Conv. Fixed
  • Living Area: 3658.0
  • Color: White
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Oil Water Heater, Gas Water Heater
  • Basement Features: Full, Walk Out, Interior Access, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Construction: Frame
  • Lot Description: Level
  • 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
  • Sewer: City/Town Sewer
  • 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
  • Disclosures: PROPERTY SOLD IN AS IS CONDITION. LISTING AGENT AND SELLER MAKE NO REPRESENTATIONS. BUYER(S) TO VERIFY ALL INFO INDEPENDANTLY. NO OFFERS CONSIDERED WITH CONTINGENCIES OF BUYER(S) OBTAINING PERMITS,ETC.
Tax Information
  • Listing Terms: Contract
  • Assessments: $749,900
  • Book: 71112
  • Tax Year: 2021
  • Zoning: Multi
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Heat Units: 4
Income / Expenses
  • GOI: $75,600.00
  • NOI: $75,600.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $6,300.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 48-54 Village Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 48-54 Village 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
J. Warren Killam 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.

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 Colonial Manor Realty, Rick Nazzaro

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.