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12-14 Exchange Street, Millis MA 02054 – 9 bed 4 bath For Sale – 73305045

$ 1,290,000
12-14 Exchange Street, Millis MA 02054,
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Overview

  • Updated On:
  • December 16, 2024
  • listingid
  • 73305045
  • 9 Bedrooms
  • 4 Bathrooms
  • 1 Garage Space
  • 10 Total Parking
  • 1900
  • HOA Fee

Description

Over the past 5 years, this 4 family building has undergone many upgrades!! This investment makes a net income on Day One! This is the one you have been looking for. As a bonus, there is an oversized detached garage that has been used by the Owner for storage. Transparent seller is happy to share ACTUAL monthly financials on this property, and we have almost 3 years of an AirBnb results as well (YES, a great success in Millis!) Each unit has its own private basement space for storage and laundry. Separate electric, 3 units have gas services, and all units have upgraded heating systems. Most of the windows are replaced. Gut remodel of several areas with all new plumbing and electrical. Terrific location next to dining, library, parks, and walk to schools. Small amount of lawn and landscaping to maintain. This building has ACTUAL leases in place, not projected rents!!

Property Details

Property Id: 510536
Price: $ 1,290,000
Property Size: 6,304.00 ft2
Property Lot Size: 0.34 ft2
Rooms: 18
Bedrooms: 9
Bathrooms: 4
Full Bath: 4
Total Bathrooms: 4
Disclosures: N
Basement: Full,Walk-Out Access,Sump Pump
Last Updated: 2024-12-12T21:24:36.940Z
Building Area Source: Public Records
Building Area Total: 6304
Building Area Units: Square Feet
Community Features: Park,Public School
Construction Materials: Frame
Contingency: Pending P&S
Cooling: None,Window Unit(s)
Covered Spaces: 1
Directions: Next store to town library and Niagara Museum House
Disclosures: Agent is also Owner of Property. Full engineering completed on required DEP cleanup caused by Town of Millis land behind property. Fully documented and closed RAM Completion Stmt available at Mass.gov
Electric: Circuit Breakers,100 Amp Service,Individually Metered
Electric Expense: 1559
Exclusions: Personal Property Of Tenants
Expiration Date: 1900-01-01
Financial Data Source: Owner
Foundation Details: Concrete Perimeter,Stone
Garage Spaces: 1
Gross Income: 113198
Gross Scheduled Income: 869
Heating: Baseboard,Natural Gas,Oil
Insurance Expense: 2315
List Agent MlsId: TEAM0299
List Office MlsId: AN4237
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-10-25
Listing ID: 73305045
Lot Features: Wooded
Lot Size: 0.34
Lot Size SqFt: 14810
Lot Size Units: Acres
Anticipated Sale Date: 2025-01-06T05:00:00.000Z
Date Available: Yes
Bedroom 1: 2
Bedroom 2: 2
Bedroom 3: 2
Bedroom 4: 3
Bath 1: 2
Bath 2: 1
Bath 3: 1
Bath 4: 1
Heating Units: 4
Heating Zones: 4
Hot Water: Oil,Natural Gas
Lead Paint: Unknown
Lease 1: Y
Lease 2: Y
Lease 3: Y
Unit 1 Living Levels: 2
Unit 2 Living Levels: 1
Unit 3 Living Levels: 1
Unit 4 Living Levels: 1
Listing Alert: No
Price Per SqFt: 204.63
Days in Market: 18
Total Days on Market: 18
MLS PIN Page: 301
Price Per SqFt: 204.63
Unit 1 Rent: 2100
Unit 2 Rent: 2000
Unit 3 Rent: 1875
Unit 4 Rent: 3093
Living Area Disclosure: Unit 12A has finished walkout basement room
Living Area Includes Basement: No
Team Member: BB302312
Water View: No
MLS Status: Under Agreement
Last Updated: 2024-12-12T21:16:00.000Z
Net Operating Income: 104722
Number Of Units: 4
Off Market Date: 2024-11-11
Operating Expense: 8476
Original List Date: 2024-10-25T07:05:00.000Z
Original List Price: 1290000
Parcel Number: 3683475
Parking Features: Off Street,Paved
Total Parking: 10
Patio And Porch Features: Porch
Purchase Contract Date: 2024-10-28
Rent Includes: Unit 1(Water),Unit 2(Water),Unit 3(Water),Unit 4(Water,Other (See Remarks))
Road Type: Public
Roof: Tar/Gravel
Sewer: Public Sewer
State: MA
Status Change Time: 2024-11-12T08:05:00.000Z
Total Stories: 6
Tax Annua lAmount: 10387
Tax Assessed Value: 632600
Tax Book Number: 37348
Tax Year: 2024
Total Actual Rent: 9068
Utilities: Varies per Unit
Water/Sewer Expense: 3118
Water Source: Public
Window Features: Insulated Windows
Year Built: 1900
Year Built Details: Renovated Since
Year Built Source: Public Records
Zoning: 5-9

Payment Calculator

$ 7,391.36
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,187.36

Amenities and Features

Other Features
Dishwasher
Dryer
Family Room
Has Garage
Has Heating System
Kitchen
Laundry Room
Microwave
Open Parking
Range
Refrigerator
Washer

Property Address

Address: 12-14 Exchange Street, Millis MA 02054
City:
State/County:
Zip: 02054
Country: United States
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12-14 Exchange Street, Millis MA 02054 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

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12-14 Exchange Street, Millis MA 02054 – 9 bed 4 bath For Sale – 73305045

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