19 Franklin St, Lee, MA 01238
$685,000
Property Type:
MultiFamily
Bedrooms:
30
Baths:
15
Square Footage:
13,540
Lot Size (sq. ft.):
10,019
Status:
Closed
Current Price:
$685,000
List Date:
5/24/2013
Last Modified:
9/01/2024
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.
Supplements: Heat and hot water is included in the rent. There is a coin-op laundry on site.
More Information MLS# 202439
Contract Information
Original List Price: 795000
Limited Service: No
Agent Interest: None
Current Price: $685,000
Status: Closed
List Date: 2013-05-24
Sold Price: $685,000
Location, Tax & Legal
Assess Amt: 793800
Elem School: Lee
Middle School: Lee
High School: Lee
Assessed Year: 2013
Taxes: 11185
Tax Year: 2013
Page: 90
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
Total Bathrooms: 15
Parking Spaces: 20
Sq Ft Source: Assessor
Total Rooms: 60
Total Bedrooms: 30
Unit Style: Other
Year Built Source: Assessor
Lot Size Dimensions: 10,019
Sq Ft Liv Apx: 13540
Total Full Baths: 15
Year Built Apx: 1985
Acres Apx: 0.23
Status Change Info
Property Use *(Stat): Investment
Status Change Date: 2013-11-01
Under Contract Date: 2013-09-09
Contingent: No
Sold Date: 2013-10-31
Sold Price: $685,000
Remarks & Misc
Directions: Main St. to Franklin St. Behind dentist office.
Restrict Covenants
Unk: 1
Basement
Slab: 1
Exterior Amenities
Bus-School: 1
Trash Private: 1
Flood Hazard Area
No: 1
Floor
Carpet: 1
Linoleum: 1
Fuel
Oil: 1
Garage
None: 1
Heat/Cool/Vent
Hot Water: 1
Hot Water
Oil: 1
Interior Amenities
Cable Avail: 1
Internet Service
Cable Available: 1
DSL Available: 1
Lead Paint
Compliant: 1
Title V
Not Applicable: 1
Underground Oil Tank
No: 1
Water
Public: 1
Right to Farm Comm
Yes: 1
Sewer
Public: 1
No of Units
9 or More: 1
Building Info
Exterior Color: Red
Fuel Usage/Yr: $6,564 or 1,817 Gall
Incl in Rent
Heat: 1
Hot Water: 1
Parking: 1
Trash Removal: 1
Electric Type
100 Amp: 1
Circuit Breaker: 1
Construction
Wood Frame: 1
Roof
Asphalt: 1
Fiberglass: 1
Style
Other: 1
Zoning
Multi: 1
Insulation
Fiberglass: 1
Seller Disc
No: 1
Exterior Siding
Clapboard: 1
Wood: 1
Laundry
Coin Op: 1
Heating Sys #
Heating Sys #: 2
Hot Wtr Sys #
Hot Wtr Sys#: 16
Electric Meters #
Electric Meters #: 16
Possession
To Be Determined: 1
Financing
Conventional: 1
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
Documents
APOD ›
Listing Office:
CENTURY 21 HOMETOWN ASSOCIATES (LENOX)
Listing Agent:
Michael A Sorrentino
Last Updated: September - 01 - 2024
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