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38-40 Pleasant St, Reading, MA 01867

$1,387,000
Last sold 11/08/2023 for $1.3M
6
bed
4
bath
3,240
Sqft ($401/Sqft)

Multi-family not for sale

Movoto is helping 6 homebuyers near you

About 38-40 Pleasant St

Property type Multi-family

Year built 1900

HOA fee $0/month

Lot size 3,244 Sqft

Movoto estimate

Property description

INVESTORS! Don’t miss your chance to own this RARE 4-Family in downtown Reading center. Nothing to do but collect rent from the established tenants and build equity for your future. Condo conversion also an option. All 4 tenants are Tenants At Will. The property has two 1BR units and two 2BR units. Both units of the #40 side are CERTIFIED DELEADED. Lots of basement storage on both sides, as well as 2 parking spaces. Each unit has separate utilities. Renovations by prior owner include windows (2015), roof (2014), gas furnace (2012). Recent updates to 3 units include updated electrical, new stove, new vent hood, new toilet, gutter extensions and masonry repair. Perfectly located within walking distance to everything downtown Reading has to offer, including Commuter Rail, Senior Center, shops, banks, schools, medical, dental, pharmacy and restaurants. Group showing Monday, November 6th from 4:00-6:00 PM.

Listed by

Listing Agent - Jennifer Hardin

Listing Office - True North Realty

Source: MLS Property Information Network, Inc.

MLS#73175620 • last updated 2 years ago

Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago

Overview
Cooling/AC	Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Heating	Unit 1(Central Heat, Hot Water Baseboard, Gas, Unit Control), Unit 2(Central Heat, Hot Water Baseboard, Gas, Unit Control), Unit 3(Central Heat, Hot Water Baseboard, Gas, Unit Control), Unit 4(Central Heat, Hot Water Radiators, Gas, Unit Control)
Levels/Style	6
MLS #	73175620
Type	Residential Income
Status	Closed
SubType	4 Family
SqFt	3240
Lot Size (SqFt)	3244
Lot Size (Acres)	0.07
Annual Property Tax	12396
Year Built	1900

Interior
Total # of Bathrooms	4
# Full Baths	4
Total # of Bedrooms	6
Basement	Full, Unfinished
Total # of Rooms	18
Laundry	Washer Hookup, Unit 1(Washer & Dryer Hookup)
Flooring	Unit 1(undefined), Unit 2(Wood Flooring, Stone/Ceramic Tile Floor), Unit 3(Wall To Wall Carpet, Stone/Ceramic Tile Floor), Unit 4(Wood Flooring, Stone/Ceramic Tile Floor)
Appliances	Utility Connections For Gas Range, Utility Connections For Electric Dryer
Interior Features	Unit 1(Walk-In Closet, Bathroom With Tub & Shower), Unit 2(Walk-In Closet, Bathroom With Tub & Shower), Unit 3(Walk-In Closet, Bathroom With Tub & Shower), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Office/Den, Other (See Remarks)), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen, Office/Den, Other (See Remarks))

Exterior
Foundation	Stone
Roof	Shingle
Construction	Frame
Parking Desc	Off Street
# Parking Spaces	2
Exterior Features	Porch, Gutters
Patio/ Porch	Porch
Lot Desc	Level

Amenities / Utilities
Sewer	Public Sewer
Utilities	For Gas Range, for Electric Dryer, Washer Hookup
Electricity	Circuit Breakers
Water Source	Public

Location
County	Middlesex
Community Features	Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House Of Worship, Private School, Public School, T-Station
Zoning	BUSB
APN	M:022.000000069.0
Directions	Main To Pleasant

Multifamily Details
Rent Includes	Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Net Operating Income	88292
Operating Expense	6508
Total Actual Rent	7850
Financial Data Source	Owner
Expense: Water/ Sewer	1743
Gross Income	94200