This Property is No Longer Available
850 Broad St, Weymouth, MA 02189
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$1,075,000
6 Unit
2 Beds
6 Baths
2991 SQFT
0.12 Acre

Property Description

850 Broad Street is a multifamily property well-located in the heart of Jackson Square, Weymouth. Constructed in 1986, the building contains six (6) residential units comprised of two (2), 1-Bedroom/1-Bathroom units and four (4), Studio units with 2,991 square feet of living area in 3,042 square feet of gross area. The property has been well maintained throughout ownership, with recent improvements completed, and features on site laundry, and seven (7) off-street parking spaces. The units are separately metered for electricity, electric heat, and hot water which the tenants pay directly. The Landlord is responsible for common electric and domestic water and sewer. The current rents are below market and the opportunity exists to increase rents to market value via programmatic updates to the unrenovated units. 850 Broad Street offers convenient access to area retailers and restaurants and is 0.1-miles from an MBTA Bus Stop and 0.5-miles from the East Weymouth MBTA Station.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Bedrooms: 2
  • Total Full Baths: 6
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Partially Finished, Walk Out
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 84840
  • Gross Expenses: 28075
  • Net Operating Income: 56764

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Levels: 1

Construction

  • Year Built: 1986
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73300181
  • Last Updated: 12/01/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/01/2024Under Agreement$1,075,000$359MLSPIN
11/26/2024Active$1,075,000$359MLSPIN
11/22/2024Back on Market$1,075,000$359MLSPIN
10/22/2024Under Agreement$1,075,000$359MLSPIN
10/13/2024Active$1,075,000$359MLSPIN
10/09/2024New$1,075,000$359MLSPIN

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Seller's Representative: Jason Kulik, Horvath & Tremblay
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 2024-12-01 21:43:00

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