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25 27 Minot St, Reading, MA 01867

$2,651,000

Last sold 12/01/2022 for $2.44M

10
bed
12
bath
8,760
Sqft ($279/Sqft)

Multi-family not for sale

About 25 27 Minot St

Property type Multi-family

Year built 1961

HOA fee $0/month

Lot size 0.42 Acre

Movoto estimate

Property description

The Perfect End of the Year "Investment Purchase". A strong brick 12 unit complex with private parking lot. Steps to the commuter rail or highway. There are 10 one bedroom units and 2 studio units. All units are currently rented with no fixed term leases. The one bedroom units have balconies. Efficient Gas Heating and a newer roof makes this a great property. ***Update of heating system - there are two heating systems one for each building. One gas meter with two lines one for each building. There are 12 zones with thermostats in each unit. There is one water heater for both buildings. The Electric is paid by the tenant as each unit is individually metered.

Listed by

Listing Agent - Mary L. Lawton

Listing Office - Lawton Real Estate, Inc

Source: MLS Property Information Network, Inc.

MLS#73060092 • last updated 3 years ago

Movoto checked MLS Property Information Network, Inc. for data 10 minutes ago

Overview
Cooling/AC	None, Unit 1(None), Unit 2(None), Unit 3(None)
Heating	Natural Gas, Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
Levels/Style	13
MLS #	73060092
Type	Residential Income
Status	Closed
SubType	5+ Family - 5+ Units Up/Down
SqFt	8760
Lot Size (SqFt)	18305
Lot Size (Acres)	0.42
Annual Property Tax	17362
Year Built	1961

Interior
Total # of Bathrooms	12
# Full Baths	12
Total # of Bedrooms	10
Total # of Rooms	48
Laundry	Laundry Room
Flooring	Carpet, Laminate, Hardwood, Wall To Wall Carpet, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
Appliances	Washer, Dryer, Unit 1(Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Gas Water Heater, Utility Connections For Electric Range, Utility Connections For Electric Oven
Interior Features	Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 3 Rooms(Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen, Living RM/Dining RM Combo)

Exterior
Foundation	Concrete Perimeter
Roof	Shingle
Construction	Frame, Brick
Parking Desc	Paved Drive, Off Street, Paved
# Parking Spaces	12
Exterior Features	Balcony, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Electric Range, for Electric Oven
Electricity	Circuit Breakers, Individually Metered
Water Source	Public

Location
County	Middlesex
Community Features	Public Transportation, Shopping, Golf, Highway Access, T-Station
Zoning	A40
APN	M:016.000000122.0
Directions	Route 28 To Minot Street

Multifamily Details
Rent Includes	Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
Net Operating Income	102175
Operating Expense	47531
Total Actual Rent	12792
Financial Data Source	Owner
Gross Income	149706