19 Franklin St, Lee, MA 01238 (MLS# 202439)

$685,000

19 Franklin St
Lee, MA 01238
MLS# 202439
Status: Closed
30 beds | 15 baths | 13540 sqft

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Property Description
Fifteen unit multi family with the current list price representing an estimated 7.8% cap rate. The estimated income and expenses is generating an estimated 10.6% cash on cash return. That includes a 5% vacancy factor, a management expense at $10,200 and a mortgage based on $636,000 at 5% amortized over 25 years. Tenants pay their own electric.

Details

Maps

Documents

Contract Information

Current Price: $685,000

Status: Closed

List Date: 2013-05-24

Sold Price: $685,000

Original List Price: 795000

Limited Service: No

Agent Interest: None

Location Tax Legal

Registry: Middle Registry

Street #: 19

Street Name: Franklin

Street Ext: St

State/Province: MA

Postal Code: 01238

Map Ref: M:012 B:0A L:0000-0190.0

General Property Description

Realtor.COM Type: Multi-Family

Sq Ft Liv Apx: 13540

Sq Ft Source: Assessor

Total Rooms: 60

Total Bedrooms: 30

Total Full Baths: 15

Total Bathrooms: 15

Parking Spaces: 20

Unit Style: Other

Year Built Apx: 1985

Year Built Source: Assessor

Lot Size Dimensions: 10,019

Acres Apx: 0.23

Status Change Info

Status Change Date: 2013-11-01

Under Contract Date: 2013-09-09

Contingent: No

Sold Date: 2013-10-31

Sold Price: $685,000

Property Use *(Stat): Investment

Building Info

Exterior Color: Red

Fuel Usage/Yr: $6,564 or 1,817 Gall

Heating Sys #

Heating Sys #: 2

Hot Wtr Sys #

Hot Wtr Sys#: 16

Electric Meters #

Electric Meters #: 16

Property Features

No of Units: 9 or More

Restrict Covenants: Unk

Title V: Not Applicable

Underground Oil Tank: No

Water: Public

Sewer: Public

Right to Farm Comm: Yes

Flood Hazard Area: No

Incl in Rent: Heat; Hot Water; Parking; Trash Removal

Electric Type: 100 Amp; Circuit Breaker

Style: Other

Interior Amenities: Cable Avail

Internet Service: Cable Available; DSL Available

Exterior Amenities: Bus-School; Trash Private

Construction: Wood Frame

Exterior Siding: Clapboard; Wood

Roof: Asphalt; Fiberglass

Basement: Slab

Floor: Carpet; Linoleum

Garage: None

Fuel: Oil

Hot Water: Oil

Insulation: Fiberglass

Laundry: Coin Op

Lead Paint: Compliant

Zoning: Multi

Seller Disc: No

Financing: Conventional

Possession: To Be Determined

Supplements

Heat and hot water is included in the rent. There is a coin-op laundry on site.

Listing Documents

APOD

Listing Office: CENTURY 21 HOMETOWN ASSOCIATES (LENOX)

Listing Agent: Michael Sorrentino

Last Updated: September - 01 - 2024

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