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45 Forest St, Lee, MA 01238

$1,231,000
Last sold 10/23/2022 for $325K
8
bed
8
bath
7,956
Sqft ($41/Sqft)

Multi-family not for sale

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About 45 Forest St

Property type Multi-family

Neighborhood

Year built 1845

HOA fee $0/month

Lot size 1.5 Acre

Movoto estimate

Property description

Terrific opportunity to own a substantial investment property and a piece of Lee’s history - plus 1 or 2 possibly buildable lots. “Maywood” is a gorgeous Greek Revival home in a private yet convenient East Lee location. Built c.1845 by the Mays as a 2-family and converted to a 6-family by the 2nd owners in 1940. Now for sale by the 3rd owner who has lovingly cared for the property since 1983. Currently a large 2-level “owner’s unit” with extensive period details and marble fireplace surrounds, (4) 1-bedroom apartments and (1) studio apartment. Could be reconfigured. Combination of oil and gas heat; gas cooking in all apts. Vinyl siding; replacement windows. Plenty of off-street parking. Town water & sewer. Beautiful 65,000 sq ft lot w/frontage on Silver & Forest Streets. Zoned RA-40. Per Zoning Table, 20,000 min lot size. Come see the potential for increasing value and rents through updates. Ask us for the extensive packet of information we've prepared. Buyer to do own due diligence.

Listed by

Listing Agent - Tracy Boehme Realty Group

Listing Office - Keller Williams Realty Cambridge

Source: MLS Property Information Network, Inc.

MLS#73036451 • last updated 3 years ago

Movoto checked MLS Property Information Network, Inc. for data 18 minutes ago

Overview
Cooling/AC	Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Heating	Unit 1(Oil), Unit 3(Oil), Unit 4(Oil)
Levels/Style	7
MLS #	73036451
Type	Residential Income
Status	Closed
SubType	5-9 Family
SqFt	7956
Lot Size (SqFt)	65340
Lot Size (Acres)	1.5
Annual Property Tax	5614.25
Year Built	1845

Interior
Total # of Bathrooms	8
# Full Baths	7
# Half Baths	1
Total # of Bedrooms	8
Basement	Partial, Interior Entry, Unfinished
Total # of Rooms	26
Laundry	Unit 1 Laundry Room, Unit 2 Laundry Room
Flooring	Wood, Tile, Vinyl, Carpet, Unit 1(undefined)
Appliances	Unit 1(Range, Refrigerator, Washer, Dryer), Oil Water Heater, Gas Water Heater, Electric Water Heater, Utility Connections For Gas Range
# Fireplaces	6
Interior Features	Unit 1(Crown Molding, Stone/Granite/Solid Counters), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Family Room, Other (See Remarks)), Unit 2 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 3 Rooms(Living Room, Kitchen, Office/Den), Unit 4 Rooms(Living Room, Kitchen, Other (See Remarks))
Fireplace	Unit 1(Fireplace - Wood Burning)
Window Features	Insulated Windows, Screens

Exterior
Foundation	Stone
Roof	Shingle
Construction	Frame
Parking Desc	Off Street, Common, Guest, Stone/Gravel
# Parking Spaces	20
Exterior Features	Storage, Garden
Patio/ Porch	Porch
Lot Desc	Corner Lot, Wooded, Gentle Sloping, Level

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Gas Range
Electricity	Circuit Breakers, 100 Amp Service, Individually Metered
Water Source	Public
Pool Desc	Above Ground

Location
County	Berkshire
Community Features	Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Highway Access, House Of Worship, Private School, Public School
Elementary School	Lee Elementary
Middle School	Lee Middle/High
High School	Lee Middle/High
Zoning	RA 40
APN	2692856
Directions	Chapel St./Rt. 20 To Forest

Multifamily Details
Rent Includes	Unit 2(Water), Unit 3(Heat, Gas, Water), Unit 4(Heat, Water)
Operating Expense	35655
Total Actual Rent	1950
Financial Data Source	Tax Return, Owner
Expense: Water/ Sewer	1391
Gross Income	41520
Expense: Electricity	3886
Gross Scheduled Income	1537