46 Main St, Framingham, MA 01702
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$779,897
4 Unit
4 Beds
4 Baths
3023 SQFT
0.23 Acre

Property Description

Seize your next lucrative investment opportunity right next to Framingham State University! This prime location offers a fully leased, 4-unit building with unbeatable convenience and 7 off-street parking spaces. The first floor features two charming one-bedroom units, while the upper level boasts a spacious two-bedroom and a freshly updated, cozy studio. Three units have separate meters for gas and electric, with heat included in the rent—ideal for savvy investors. The studio's rent even covers all utilities! Plus, there's a coin-operated laundry in the basement for added tenant convenience. Showings are limited and by appointment only, so book early and don’t miss out on this gem!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, University
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Central Heat, Electric, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 52200
  • Gross Expenses: 13000
  • Electric Expenses: 950
  • Water/Sewer: 1700
  • INSC: 5800
  • Repairs & Maintenance: 800
  • Net Operating Income: 44600

Utilities

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

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Heat
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Electric, Heat, Hot Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1817
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73295131
  • Last Updated: 10/14/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/12/2024Active$779,897$258MLSPIN
10/08/2024Price Change$779,897$258MLSPIN
09/30/2024Active$799,897$265MLSPIN
09/26/2024New$799,897$265MLSPIN

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Seller's Representative: Alison Corton, ERA Key Realty Services- Fram
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-10-14 15:31:00

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