This Property is No Longer Available
53-55 Falmouth St, Belmont, MA 02478
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$1,370,000
*Sale Price
2 Unit
5 Beds
2 Baths
2590 SQFT
0.11 Acre

Property Description

Attention investors and owner occupants who wants to live in one unit and rent another unit to help with mortgage payments. Great investment opportunity to own corner lot two family house with fantastic commuting location and short distance to Cambridge. The 1st level has two bedrooms, renovated bath, eat-in kitchen, dining room, sunroom, and fire-placed living room with natural woodwork. The 2nd floor unit has the same layout and an additional 3rd floor bedroom. Refinished hardwood floors throughout. Detached two-car garage plus additional 2 off-street parking. Both units were recently converted to gas heat. Multiple recent upgrades. The sale includes the architectural plans for potential 3rd floor expansion. This property offers immediate rental income and fantastic long-term investment opportunity in a sought-after location.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Total Fireplaces: 2
  • Basement Features: Full, Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub, Ceiling Fans, Pantry
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 73200
  • Net Operating Income: 73200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1926
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Concrete Block
  • Flooring Type: Hardwood
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73307557
  • Last Updated: 11/22/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/22/2024Sold$1,370,000$529MLSPIN
11/14/2024Under Agreement$1,268,000$490MLSPIN
11/05/2024Contingent$1,268,000$490MLSPIN
11/02/2024Active$1,268,000$490MLSPIN
10/29/2024New$1,268,000$490MLSPIN

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Seller's Representative: The Paradigm Team, Coldwell Banker Realty - Newton
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-22 17:01:00

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