Ari Koufos
REALTY EXECUTIVES | 617-799-8948 | ari@arikoufos.com

523-525 School St, Belmont, MA 02478

Multi-Family

$975,000
Price

2
Units
2,392
Approx. GLA
523-525 School Street is a 2-Family property located in Belmont, MA. The building is comprised of two 2 bedroom, 1 bath units plus a den in each unit. The property features separated gas and electric utilities as well as garage parking. The property presents a value-add opportunity by repositioning the building as high-end rentals or conversion to condominiums. Belmont is served directly by two state routes. Running close to the middle of town is Route 60, locally known as Pleasant Street. On the northern border, Route 2 predominantly outlines Belmont’s boundary with the neighboring town of Arlington. The property is located only a 7 minute drive to Harvard University.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full
List Price: $975,000
Type: Multi-Family
Multi-Family Type: 2 Family - 2 Units Up/Down
Status: Active
Beds: 4
Baths: 2
Units: 2
Year Built: 1900
Approx. GLA: 2,392
MLS#: 72416856
 
Interior
Basement: Yes
Flooring: Wood
Fireplaces: 2
Hot Water: Natural Gas
Rooms: 14
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Acres: 0.14
Lot Size: 5,993.00
Lot Description: Paved Drive
Foundation: Concrete Block
Garage Spaces: 2
Parking Spaces: 6
Parking Features: Off-Street, Paved Driveway
Color: Yellow
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $725,000
Taxes: $8,809
Tax Year: 2018
Book/Page: 66636/555
Beach
Beach: No
Expenses
Gross Income: $42,000
Total Rent: $3,500
Net Income: $42,000
Additional
Disclosure Declaration: No
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 7 2 1 1 1 0 No 1 $1,800
Unit 2 7 2 1 2 1 0 No 1 $1,700
Map
Similar Properties
The listing office is Marcus & Millichap Real Estate Investment Services and the listing agent is Jeremy Buckley. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 11/14/2018 10:35:00 PM.
 
Ari Koufos
Ari Koufos
Broker
REALTY EXECUTIVES