103-105 Water St, Wakefield, MA
Not Available - Off MarketPrice Reduced $50,100
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103-105 Water St, Wakefield, MA 01880
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$1,299,900
6 Unit
4 Beds
6 Baths
4402 SQFT
0.12 Acre

Property Description

Mixed use building near downtown Wakefield, close to shopping and transportation. The building features (4) three room, 1 bedroom apartments with gas stoves and electric heat located on the second and third floors. The first floor consists of two retail stores with gas heat and and a half bath. There is a a storage area in the back. Ample parking through the alley for approximately 4 cars (see appurtenant rights and agreement) additional parking available in second driveway (2 tandem) . Great opportunity to own an income producing property with diversified income stream from multiple tenants. Estimated aprx $8,000 per month when fully occupied at current rents

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 11
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Total Half Baths: 2
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Park, Public School, Public Transportation, Shopping, Tennis Court
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range
  • Common Heating: Electric, Forced Air, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 88800
  • Gross Expenses: 23769
  • GSE: 1440
  • Water/Sewer: 1592
  • INSC: 4359
  • Repairs & Maintenance: 907
  • Miscellaneous Expense: 2250
  • Net Operating Income: 65031

Utilities

  • Electric Info: Varies per Unit
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Included in Rent: Gas, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Gas, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Included in Rent: Gas, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Rubber
  • Flooring Type: Laminate, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73248108
  • Last Updated: 10/06/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/06/2024Expired$1,299,900$295MLSPIN
10/06/2024Expired$1,299,900MLSPIN
08/16/2024Active$1,299,900MLSPIN
08/16/2024Active$1,299,900$295MLSPIN
08/12/2024Price Change$1,299,900MLSPIN
08/12/2024Price Change$1,299,900$295MLSPIN
07/16/2024Active$1,350,000MLSPIN
07/16/2024Active$1,350,000$307MLSPIN
06/11/2024Under Agreement$1,350,000$307MLSPIN
06/11/2024Under Agreement$1,350,000MLSPIN
06/09/2024Active$1,350,000$307MLSPIN
06/09/2024Active$1,350,000MLSPIN
06/05/2024New$1,350,000$307MLSPIN
06/05/2024New$1,350,000MLSPIN
10/07/2023Temporarily Withdrawn$1,275,000MLSPIN
10/07/2023Temporarily Withdrawn$1,275,000$290MLSPIN
09/12/2023Active$1,275,000MLSPIN
09/12/2023Active$1,275,000$290MLSPIN
09/08/2023Price Change$1,275,000$290MLSPIN
09/08/2023Price Change$1,275,000MLSPIN
08/15/2023Active$1,350,000MLSPIN
08/15/2023Active$1,350,000$307MLSPIN
08/11/2023New$1,350,000MLSPIN
08/11/2023New$1,350,000$307MLSPIN

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Seller's Representative: Michael Barrett, Barrett, Chris. J., REALTORS®
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 2024-10-06 03:05:00

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