Michelle Gillespie - Keller Williams Realty

23 High Street, North Attleboro, MA 02760


Sale Price

Approx. GLA
Rare 6-unit building only one block away from fabulous downtown North Attleborough and one block from historic homes. Professionally managed building with tenant screening and leases. Fully lead compliant and on record! All one bedroom units (2 per floor), some with beautiful hardwoods, some with carpet. Grosses $55K per year and has upside with updating the units to increase rental income. High demand area. Newer siding, windows, porches, interior paint. Modern electric separately metered. New tankless water heater to lower expenses. Coin op washer and dryer in basement add another $1,000 estimated to income. Gas furnace. Sale contingent on owner finding a suitable 1031 exchange replacement property. Note: This property is 6 units but the MLS form only allows for descriptions for 5 units.
Terms: Contract for Deed
Sale Price: $505,000
Settled Date: 7/31/2018 12:00:00 AM
Basement Features: Full, Interior Access, Bulkhead, Dirt Floor, Unfinished Basement
List Price: $524,900
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Sold
Beds: 6
Baths: 6
Half Baths: 6
Units: 6
Year Built: 1920
Year Round: Yes
Approx. GLA: 3,283
MLS#: 72262421
Basement: Yes
Electricity Cost: $459
Flooring: Vinyl, Wall to Wall Carpet, Varies Per Unit, Hardwood
Energy: Insulated Windows
Hot Water: Natural Gas
Rooms: 18
Lead Paint: Certified Treated
Total Floors: 3
Water: No
Facing: South
Acres: 0.11
Lot Size: 4,791.00
Lot Description: Corner
Foundation: Fieldstone, Brick
Parking Spaces: 6
Parking Features: Off-Street, Assigned, Paved Driveway
Road Type: Public
Color: Green
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: Varies per Unit
Exterior: Vinyl
Exterior Features: Deck - Roof, Deck - Wood, Porch, Balcony
Water: City/Town Water
Water: City/Town Water
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $402,300
Taxes: $5,318
Tax Year: 2017
Book/Page: 19621/0283
Beach: No
Expenses Source: Pro. Forma Available
Gross Income: $55,620
Gross Expenses: $21,567
Total Rent: $4,635
Net Income: $30,317
Gas Cost: $1,174
Insurance Cost: $3,224
Refuse Cost: $1,035
R&M Cost: $2,594
Water Cost: $1,444
Misc. Cost: $765
Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Golf Course, House of Worship, Public School
Exclusions: Tenants possessions.
Disclosure Declaration: Yes
Disclosure: Lead paint compliance on file. Parking spots are designated around the building. Shared trash dumpster with neighboring building. Subject to seller finding 1031 exchange replacement. Agent owed property.
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 3 1 0 1 1 0 Yes 1 $850
Unit 2 3 1 0 1 1 0 Yes 1 $825
Unit 3 3 1 0 2 1 0 1 $795
Unit 4 3 1 0 2 1 0 1
Units Extras
Unit 1
Rent Includes:  Hot Water  Heating:  Gas 
Unit 2
Rent Includes:  Heat, Hot Water 
Unit 3
Rent Includes:  Heat, Hot Water 
Unit 4
Rent Includes:  Heat, Hot Water 
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The listing office is Century 21 MetroWest and the listing agent is Bradford Morse. 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.
Michelle Gillespie
Michelle Gillespie
Keller Williams Realty