240 Washington St, Norwood, MA
Not Available - Off MarketPrice Reduced $10,000
0
This Property is No Longer Available
240 Washington St, Norwood, MA 02062
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$1,165,000
3 Unit
7 Beds
3 Baths
2488 SQFT
0.11 Acre

Property Description

Welcome to this exceptional investment opportunity with a prime commuter friendly location with an attractive 7+ CAP RATE. Recently renovated 3 family near the Westwood line. This young investment property presents an incredible opportunity for anyone seeking a cash-flowing property with three generously sized units, all separate utilities and a strong rental history. The property has been well maintained and features newer kitchens with new appliances, renovated bathrooms, oversized rooms and a shared back yard. Plenty of parking spaces and separate laundry facilities with additional storage in basement. Within walking distance to the train, shops, restaurants and supermarkets. Units 2 and 3 are currently vacant with rents listed being projected. Depending on buyer's preference, property may be delivered fully occupied or with vacancy in Unit 2 and/or 3.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Highway Access, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 100800
  • Net Operating Income: 100800

Utilities

  • Heat Zones: 3
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1959
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73320100
  • Last Updated: 02/19/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/19/2025Canceled$1,165,000$468MLSPIN
01/25/2025Active$1,165,000$468MLSPIN
01/21/2025Price Change$1,165,000$468MLSPIN
12/20/2024Active$1,175,000$472MLSPIN
12/16/2024New$1,175,000$472MLSPIN
11/07/2024Expired$1,165,000$468MLSPIN
11/06/2024Active$1,165,000$468MLSPIN
11/02/2024Extended$1,165,000$468MLSPIN
11/02/2024Active$1,165,000$468MLSPIN
10/29/2024Price Change$1,165,000$468MLSPIN
10/15/2024Active$1,175,000$472MLSPIN
10/11/2024Price Change$1,175,000$472MLSPIN
09/07/2024Active$1,200,000$482MLSPIN
09/03/2024Reactivated$1,200,000$482MLSPIN
09/01/2024Expired$1,200,000$482MLSPIN
08/28/2024Extended$1,200,000$482MLSPIN
08/18/2024Active$1,200,000$482MLSPIN
08/14/2024New$1,200,000$482MLSPIN

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Seller's Representative: Michael Lord, Capital Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-19 13:02:00

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