$700,000
●
Multifamily -
Off Market
23 Wright St
Stoneham, MA 02180
4 Beds
2 Baths,
1
Half Bath
1,480 Ft²
$645,218
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model
About This Property
This move-in-ready well maintained Nobility Hill two-family home is
perfect for buyers who are searching for an opportunity to own an
income-producing multifamily property. 23 Wright Street is
perfect for owner-occupants or an investor that is looking for a
turn-key investment. The home offers a private large
fenced-in backyard and quick access to Main Street and all its
amenities in Stoneham Square. There is no need for a car to
explore your neighborhood as there are restaurants, a hardware
store, and the Stoneham Theatre nearby. Do you need to
commute north or into Boston? No problem 23 Wright Street
offers immediate highway access to routes 93/95 as well as public
transportation. Many updates include a newer roof (approx. 3
yrs. old), an updated gas heating system for unit#2, and upgraded
electrical panels for both units. Do not miss this
opportunity for investment or income to reduce your monthly
mortgage. Possible expansion opportunities
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$429
Property Type
Multifamily
Property Taxes
$452
HOA Dues
-
Year Built
1900
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (MLSPIN #72973383)
Price History
Property Highlights
Parking Available
Parking Details
Has Open Parking
Parking Features: Off Street, Paved
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Storage, Pantry, Stone/Granite/Solid Counters, Bathroom With Tub, Bathroom With Tub & Shower, Living Room, Kitchen, Laundry Room, Mudroom
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Flooring Type: Tile, Hardwood, Wood, Stone/Ceramic Tile
Laundry Features: Washer Hookup, Dryer Hookup
Rooms: 10
Basement: Full
Exterior Details
Square Footage: 1480
Year Built Source: Public Records
Year Built: 1900
Building Area Total: 1480
Levels: 2
Building Area Units: Square Feet
Window Features: Picture Window
Patio and Porch Features: Enclosed
Lot Features: Level
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5841
Tax Lot: 434
Water Source: Public
Financial Details
Tax Map Number: 18
Tax Assessed Value: $521,000
Tax Annual Amount: $5,424
Utilities Details
Cooling Type: None
Heating Type: Natural Gas
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/28/2022
| |
4 Bed
|
2 Bath
|
1480 ft²
|
$635,000
4 Bed
2 Bath
1480 ft²
|
$700,000
+10.24%
06/10/2022
|
John Dean
Engel & Volkers Boston
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017