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$740,000

  • Sold
  • Closed
  • Multi-Family
  • 3 Units
  • 3 Total Beds
  • 0.23 Acres
See This Home
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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. Roof is older.

Full Property Details for 368 Concord St

General

  • Sold For: $740,000
  • Taxes: $7,553 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MLSPin
  • MLS ID: 73220204
  • Added to Site: 688 day(s) ago

Rental Information

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Interior

  • Number of Rooms: 7
  • 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
  • Appliances: Microwave, Refrigerator
  • Flooring: Tile, Hardwood, Stone/Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main - Full Baths: 3

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Electric Dryer Hookup, Washer Hookup

Additional Information

  • Year Round: Yes

Exterior

  • Exterior Features: Rain Gutters

Parking

  • Total Spaces: 6
  • Parking Features: Paved Drive, Off Street, Assigned

Location

  • County: Middlesex
  • Driving Directions: Rt 126, Gleason Pond

School Information

  • Elementary School: Choice

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Natural Gas
  • Heating Fuel: Baseboard, Natural Gas
  • Heating Zones: 3

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Connection for Gas Range, Connection for Electric Dryer, Washer Hookup

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Full, Interior Entry, Bulkhead, Concrete
  • Roof: Shingle
  • Drive-In Doors: Insulated Doors, Storm Door(s)
  • Stories/Levels: 4
  • Square Feet: 1,510
  • Sq. Ft. Source: Public Records
  • Living Area: 1,510 Sq. Ft.
  • Year Built: 1882

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Dimensions: .23
  • Frontage: Public
  • Street/Road Desc.: Paved

Water Features

  • Water Front: Yes
  • Water Front Desc.: Waterfront, Beach Front, Pond, Direct Access, Public, Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Financial Considerations

  • Price Per Sq. Ft.: $490.07
  • Tax Amount: $7,553
  • Tax Year: 2024

Disclosures and Reports

  • Exclusions: 2nd Floor Unit Room Darkening Shades In Bedroom, Security Light Above Shed & Bird House On Shed
  • Disclosures/Rstr.: Window AC units are tenant owned, roof is older, Washer/dryer is common in the basement, 1st floor one bedroom tenant has direct access, other 2 units have access through covered bulk head.
  • Property ID: 490619

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— 368 Concord St —

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NMLS#: 1598647

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Schools serving 368 Concord St

School District:Framingham School District
NameGradesDistance
Framingham High School
115 A Street, Framingham, MA 01701
9-122.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 368 Concord St

Date
Details
Price
Change
Source
12/12/2024
Sold
$740,000
-5.12%
MLS
4/23/2024
Price Reduced
$779,900
-2.5%
MLS
4/04/2024
Listed
$799,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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368 Concord Street, Framingham, MA 01702 (MLS# 73220204) is a Multi-Family property that was sold at $740,000 on December 12, 2024. This property was listed by Diane B. Sullivan from our Natick/Framingham Regional Office.Want to learn more about 368 Concord Street? Do you have questions about finding other Multi-Family real estate for sale in Framingham? You can browse all Framingham real estate or contact a Coldwell Banker agent to request more information.