Sharon Lanen Coskren - Leading Edge Real Estate Sharon Lanen Coskren

70 Burroughs Rd, North Reading, MA 01864

Multi-Family

$250,000
Price

2
Units
1,205
Approx. GLA
Almost one of a kind for North Reading. Two single family homes on one lot. Homes need modernization and could use a floor plan redesign. At one point, public records show the larger front home as a 2 bedroom home but is now being used as a large one bedroom. The rear home has a loft area that appears it could have stairs added to make an expansive bedroom. Renovate one home and rent the other, Air BNB or extended family. Both houses have individual natural gas and electric. The houses need work and conventional loans would appear difficult, seller looking for cash buyer. Title V has not been done and would be buyer's responsibility. Bring your developer and investor ideas as this could be a solid income producing property especially in a community which has very few multi family rentals. Around the corner from 92 acre Martins Pond and Clarke Park. The property is surrounded by over 10 acres of Town owned conservation land.
Open House
No scheduled Open Houses
Highlights
Terms: Estate Sale
List Price: $250,000
Type: Multi-Family
Multi-Family Type: 2 Family
Status: Active
Beds: 2
Baths: 2
Units: 2
Year Built: 1926
Year Round: Yes
Approx. GLA: 1,205
MLS#: 72610270
Interior
Basement: No
Heating Units: 2
Heating Zones: 2
Rooms: 6
Lead Paint: Unknown
Total Floors: 2
Exterior
Water: No
Acres: 0.19
Lot Size: 8,189.00
Lot Description: Wooded, Other (See Remarks), Scenic View(s)
Foundation: Concrete Block
Parking Spaces: 4
Parking Features: Off-Street
Road Type: Public
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Shingles
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Title 5: Buyer's Responsibility
Lender Owned: No
APOD Available: No
Assessed Price: $341,700
Taxes: $5,331
Tax Year: 2020
Book/Page: 1215/556
Beach
Beach: Yes
Miles to Beach: 3/10 to 1/2 Mile
Beach Description: Lake/Pond
Beach Ownership: Public
Additional
Amenities: Shopping, Park, Laundromat, Conservation Area
Exclusions: Scrap metal / campers in the yard will be removed unless someone wants it.
Disclosure Declaration: No
Disclosure: This is an estate sale. Seller is a personal representative and makes no representations. Buyer agrees to perform a Title V inspection prior to closing. Buyer and Buyer's Agent responsible for verifying any listing information as this was obtained from a prior appraisal and public records.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 No 1
Unit 2 2 1 0 1 1 0 No 2
The listing office is Home Sellers Edge and the listing agent is Lynne Rudnicki. 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 12/18/2018 2:44:00 PM.
 
Sharon Lanen Coskren
Sharon Lanen Coskren
REALTOR, CBR
Leading Edge Real Estate