25 - 27 Minot St

Reading, MA 01867 View Map $2,445,000 Ask a Question
Beds10
Baths12
Sq.Ft.8,760
Year1961
MLS#:73060092    Reading, 25 - 27 Minot St, MA, multi-family listing Photo 1
MLS#:73060092    Reading, 25 - 27 Minot St, MA, multi-family listing Map
ERA Key Realty

ERA Key Realty

(508) 372-6600

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Status: Sold
Property Type:5+ Family - 5+ Units Up/Down
MLS #:73060092
Sq. Feet:8,760
Date Sold:12/29/2022
Lot Size:0.42 Acres
County:Middlesex
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.

Thank you for you interest in this home in Reading MA. This particular property consist of 10 bedrooms, and 8760 sf of living space.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
12/30/2022$1,999,999$2,445,00022.3%

Community Information

Address:25 - 27 Minot St, Reading, MA 01867
County:Middlesex
City:Reading
Zip Code:01867

Architecture

Bedrooms: 10
Bathrooms: 12
Year Built:1961
Stories:13
Construction Materials: Frame, Brick
Building Area: 8760
Roof: Shingle
Foundation: Concrete Perimeter
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 12

Features / Amenities

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)
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
Flooring: Carpet, Laminate, Hardwood, Wall to Wall Carpet, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
Laundry: Laundry Room
Exterior Features: Balcony, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck
Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
Heating: Natural Gas, Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
Total Rooms:48

Property Features

Lot Size: 0.42 Acres
Utilities: for Electric Range, for Electric Oven
Sewer: Public Sewer
Water: Public
Electric: Circuit Breakers, Individually Metered
Road Frontage: Public
Zoning:A40
Directions:Route 28 to Minot Street

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $17,362
Current Financing: Cash
Contingency: Pending P&S
Gross Income: $149,706
Net Operating Income: $102,175
Operating Expense: $47,531
Terms: Contract
Total Actual Rent: $12,792
Rent Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat,
Disclosures: This property will be conveyed with all tenants in place. All tenants are at will. HEAT/HOT WATER IS INCLUDED IN RENT.

Listing Agent/Office

Listing provided courtesy of Mary Lawton, Lawton Real Estate, Inc.

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Listing Information Last Updated 2/4/2023