Marty Green Properties

318 Main, Douglas, MA 01516

Multi-Family

$495,000
Price

6
Units
6,456
Approx. GLA
Beautifully maintained 4 apartments and 2 commercial unit building inside and out. All rents are below market rate. Owner resides in basement level unit. Many updates in the last 10 years, so very few long term capital investments on the horizon. Building has only one oil boiler, so owner pays heat, once again why rents are below market. Coin up laundry for both buildings. First showings will be Group showings Saturday August 10 at 9:00 with pre-registered and pre- approved buyers only.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full
List Price: $495,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Active
Beds: 8
Baths: 4
Units: 6
Year Built: 1840
Approx. GLA: 6,456
MLS#: 72545606
 
Interior
Basement: Yes
Electricity Cost: $1,100
Electric Features: 220 Volts
Heating Units: 1
Rooms: 17
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Acres: 0.44
Lot Size: 19,436.00
Lot Description: Paved Drive, Shared Drive, Gentle Slope
Foundation: Concrete Block
Parking Spaces: 10
Parking Features: Off-Street
Road Type: Public
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Vinyl
Exterior Features: Patio
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $400,700
Taxes: $6,400
Tax Year: 2019
Book/Page: 231154/218
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $47,160
Gross Expenses: $12,800
Total Rent: $4,055
Net Income: $34,360
Heat Cost: $4,700
Insurance Cost: $3,000
R&M Cost: $2,000
Water Cost: $2,000
Additional
Disclosure Declaration: Yes
Disclosure: Sale contingent on seller securing financing for new housing. Only to be sold with 314 Main Street.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 No 1 $1,100
Unit 2 4 2 0 2 1 0 Yes 1 $940
Unit 3 5 2 1 $940
Unit 4 5 2 1 $950
Units Extras
Common
Rooms:  Laundry 
The listing office is Marty Green Properties and the listing agent is Martin Green. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
 
Marty Green
Marty Green
Principal Broker
Marty Green Properties