197 Walnut St., Newton, MA 02460 (MLS # 72496459)
Unique opportunity to own a gorgeous RENOVATED Victorian multi family in the heart of Newtonville right by the Washington Place and 28 Austin Street developments. Steps to the commuter rail, express bus to downtown Boston, Mass Pike, supermarkets, restaurants, coffee shops and many more. Walking distance schools. New systems include gas heating and central AC throughout the home with irrigation system, newer roof, gorgeous paved driveway and expansive stone patio. Sun soaked living and dining rom and newly renovated beautiful eat in kitchens w/ granite countertops and all stainless steel appliances and updated bathrooms. New electrical/ recessed lighting and 2 wood burning working fireplaces. The area has a great value increase potential because of the new condo developments. INVESTORS! There is attractive condo conversion potential and attractive rental opportunity. Cap rate is about 5%. Both units are fully tenanted below market rates. $100,000 + annual income easy to achieve.
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