Susan Revis - William Raveis R.E. & Home Services

40 High Street, Acton, MA 01720  

Multi-Family
$1,700,000
Price
4
Units
5,215
Approx. GLA
Majestic Victorian 4-family in prominent setting on 2.5 acres. This well-maintained investment property with great cash flow is ready for a new chapter! The Town of Acton issued a Preliminary Subdivision Approval for a Residential Compound consisting of the 4-family plus 3 additional lots. "Victorian Way" offers a unique opportunity to accommodate 7 (seven) households. According to the Preliminary Approval, the proposed Residential Compound Subdivision will be served by a shared road. Buyer to bring Town water to the 3 lots and a new water line to the existing 4-family. Buyer expected to develop definitive plans and have them approved. Please review the attached Preliminary Subdivision Plan and Preliminary Subdivision Approval. Additional information available upon serious interest. Also available as land listing, MLS #72792405. PLEASE DO NOT ACCESS PROPERTY WITHOUT APPOINTMENT.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full, Walk Out, Interior Access, Concrete Floor
List Price: $1,700,000
Type: Multi-Family
Multi-Family Type: 4 Family
Status: Active
Beds: 5
Baths: 5
Units: 4
Year Built: 1896
Year Round: Yes
Approx. GLA: 5,215
MLS#: 72792403
Interior
Basement: Yes
Electricity Cost: $989
Electric Features: Circuit Breakers
Heating Units: 4
Heating Zones: 4
Flooring: Wood, Tile, Vinyl
Energy: Insulated Windows
Hot Water: Natural Gas
Rooms: 16
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 2.50
Lot Size: 108,900.00
Lot Description: Paved Drive, Gentle Slope, Level
Foundation: Fieldstone, Granite
Foundation Size: Irregular
Garage Spaces: 3
Parking Spaces: 4
Parking Features: Off-Street
Road Type: Public, Paved, Publicly Maint.
Color: White
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles, Slate
Utility: for Gas Range, for Electric Range, Varies per Unit
Exterior: Aluminum
Exterior Features: Deck - Roof, Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Title 5: Not Done
Lender Owned: No
APOD Available: Yes
Assessed Price: $806,000
Taxes: $14,989
Tax Year: 2020
Book/Page: 34364/503
School
Grade School: Choice of 5
Middle School: RJ Gray
High School: Acton Boxbor HS
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $66,056
Gross Expenses: $24,252
Total Rent: $5,480
Net Income: $41,803
Insurance Cost: $3,706
Refuse Cost: $770
R&M Cost: $1,675
Water Cost: $2,123
Misc. Cost: $3,112
 
 
Additional
Amenities: Public Transportation, Walk/Jog Trails, Bike Path
Exclusions: One washer/dryer in basement excluded. Coin-operated washer/dryer conveys.
Disclosure Declaration: No
Disclosure: Tenants would like to stay. No lead info available. Slate roof w/ copper flashing; new asphalt shingle roof porch ('20) & garage ('19). 5-BR septic passed Title 5. Most replacement windows ~10 years except sun room in Apt 3. Detached 3-car garage: no garage doors.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 Yes 1
Unit 2 3 1 0 1 1 0 Yes 1
Unit 3 5 1 0 2 1 0 Yes 1
Unit 4 5 2 0 2 2 0 Yes 2
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Country Kitchen, Wood Flooring  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Box/Bay/Bow Window(s), Wood Flooring  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Box/Bay/Bow Window(s), Wood Flooring, Balcony/Deck  Rooms:  Living Room, Kitchen, Office/Den, Sunroom 
Unit 4
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Wood Flooring, Walk-In Closet, Balcony/Deck, Cedar Closet  Rooms:  Living Room, Dining Room, Kitchen 
Map
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The listing office is William Raveis R.E. & Home Services and the listing agent is Nashoba Group. 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.
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