34 Channing St, Newton, MA 02458 (MLS # 72541979)
Incredible opportunity to own a Multi family, 3 unit commercial/residential building in Newton Corner on a side street off of Washington st. 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 on the 1st and 4th floors. Sun soaked living and dining rooms with hardwood floors and beautiful eat in kitchens. The systems are newer with new hot water heater, garbage disposal, central vacuum and washer and dryer in each unit. INVESTORS! DEVELOPERS! CONTRACTORS! There is attractive condo conversion potential and attractive rental opportunity. Cap rate is about 5% right now with all 3 units being fully tenanted below market rates. 120K+ annual income easy to achieve that would bring up the cap rate up to 6.25%. MUST SEE.
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