2-4 Mechanic St, Newton MA 02464
About this home
2-4 Mechanic Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 6.05% cap rate on current income with rental upside. 2-4 Mechanic Street is a two-story building with four (4), 3-Bedroom/2-Bathroom duplex style units. The building was comprehensively renovated in 2019 and each of the four duplex units features open layout with new kitchens featuring white custom cabinets, granite countertops, and stainless-steel appliances. The units also have hardwood floors, in-unit laundry, new individual HVAC heating systems. The exterior of the Property was alco renovated and has a new roof, new wood siding and new windows. Additionally, there are Four (4) parking spaces at the rear of the property which is accessed through 204-206 Elliot Street (Driveway Easement). The subject property is ideal for a potential buyer looking for income growth and strong investment returns.
Sale Statistics
This property sold for 0.5% below the original asking price.
With only 10 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
2-4 Mechanic St, Newton MA 02464
Newton, MA 02464
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Mar 15, 2024Listed for Sale
Jan 22, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/15/2024 | âś“ Sold | $1,940,000 | - | - | Property sold |
| 01/22/2024 | 🏠Listed for Sale | $1,950,000 | - | - | Original listing |