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24-28 Richardson St Unit 0, Newton, MA

Newton · MA 02458

$2,450,000
Price
14
Beds
7
Baths
7021
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1948
Units: 7 Units
Lot size: 0.3 Acre Lot
Price per square foot: $381 / Sq.Ft
Parking: 4 Garage Spaces · 14 Off Street Spaces

About this home

24-28 Richardson St in Newton represents a rare combination of core & value add opportunity making it an attractive asset for both investors and developers. The property has ~13,000 sqft of land improved by two free standing buildings totaling over 7,100 sqft of living space. 26-28 Richardson is the larger front brick 3 story, 5 unit bldg, w/ direct access 4 car garage built in 1948. The building consists of one 1 bedroom apartment & 4 renovated 2 bed 1 bath units, each renovated with granite counter kitchens, hardwood floors and updated baths. The rear building is a wood frame, 2 family circa 1880 consisting of one 2 bed unit and one 3 bed unit. There is room for an additional 10 outdoor parking spaces in the large drive for a combined total of 14 car parking. The current gross income is over $180,000, with all units leased until spring & summer of 2019. The convenient location offers easy access to Rt 90, the commuter rail & express bus to Kenmore Sq, as well as BC Law School.

Neighborhood & Transit

Newton Corner

24-28 Richardson St, Newton · MA 02458

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
2597 days
Listing Price:
$2,675,000
Price per Sq.Ft:
$381
Tax Assessment:
$1,531,500 in 2018
Taxes:
$1,318 / Monthly

Home Facts

Interior Features

Bedrooms
14
Full Bathrooms
7
Half Bathrooms
0
Living Area
7,021 Sq.Ft
Broker Disclosure about Living Area
26-28 Richardson; 2 beds ~1,068sqft(x4), 1 bd ~640sqft, 24 Richardson; 2 bd ~1,219sqft 3 bd ~890sqft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
12,924 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
4 Parking Spaces
Off Street Parking
14 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Adam Umina
Listing office
Metro Realty Corp.
MLS PIN #
72417589
Disclosure
26-28 Richardson; 2 beds ~1,068sqft(x4), 1 bd ~640sqft, 24 Richardson; 2 bd ~1,219sqft 3 bd ~890sqft