Middlesex
63-65 Cherry Street
$520,000
●
Multifamily -
Off Market
63-65 Cherry Street
Ashland, MA 01721
7 Beds
6 Baths,
1
Half Bath
5,132 Ft²
$967,026
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model
About This Property
Excellent income producer - over $60k annual gross. Well maintained
& clean building with 3 units and a detached heated large 28'x32' 3
car high bay garage/shop (9' doors) with a 900sf office/apartment
above the garage (4th unit) . All units & garage have separate gas
heat/CENTRAL AC/electric. The two 1 BR units have their own
entrance and were recently remodeled; new kitchen, laundry, baths.
Large unit on 2nd & 3rd floors is also updated and has 5 bedrooms,
three full baths, office and its own laundry. The 4th unit is the
office/potential apartment above the detached 3 car garage.
Projected rent is $1600. Minimal on-going maintenance - ALL
units have updated & separate heat, AC, electric panels. Younger
roof, vinyl windows and siding. Plenty of parking. Convenient
location near Ashland Center, Stone Park, & walk to MBTA train
station.
Unit Size
5,132 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$105
Property Type
Multifamily
Property Taxes
$552
HOA Dues
-
Year Built
-
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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: 4 years ago (MLSPIN #71810328)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2015 | Sold | ||
| Sold | |||
| Apr 1, 2015 | Listed by Realty Executives Boston West | $539,900 | |
| Listed by Realty Executives Boston West | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Ceiling Fans, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Dining Room, Kitchen, Family Room, Office/Den), Unit 4 Rooms(Kitchen, Office/Den, Other (See Remarks))
Appliances: Unit 1(Range, Dishwasher, Disposal, Refrigerator), Unit 2(Range, Dishwasher, Disposal, Refrigerator), Unit 3(Range, Dishwasher, Disposal, Refrigerator), Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile, Carpet, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors), Unit 3(Hardwood Floors, Wall to Wall Carpet, Stone/Ceramic Tile Floor), Unit 4(Wall to Wall Carpet)
Laundry Features: Unit 3 Laundry Room
Rooms: 20
Basement: Full, Interior Entry
Exterior Details
Property Condition: Unit 3 Remodeled
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 4 Family - 4 Units Up/Down
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Area: 0.3
Lot Size Units: Acres
Lot Size Acres: 0.3
Zoning: Res/Com
Parcel Number: 3293801
Water Source: Public
Financial Details
Tax Assessed Value: $380,900
Tax Annual Amount: $6,624
Utilities Details
Utilities: for Gas Range
Cooling Type: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air), Unit 4(Central Air)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas), Unit 3(Forced Air, Gas), Unit 4(Forced Air, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, University
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 |
|---|---|---|---|---|---|---|---|
|
09/23/2021
| |
7 Bed
|
6 Bath
|
4232 ft²
|
$900,000
7 Bed
6 Bath
4232 ft²
|
$897,500
-0.28%
02/28/2022
|
Lauren Brooks
Hillman Homes
|
|
04/01/2015
| |
7 Bed
|
6 Bath
|
5132 ft²
|
$539,900
7 Bed
6 Bath
5132 ft²
|
$520,000
-3.69%
05/29/2015
|
Marylou Essajanian
Realty Executives Boston West
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017