CCertihomes
368 Concord Street, Framingham, MA 01702

$779,900

3 beds 3 baths 1,510 sqft Built 188227 days on marketActive

About this home

Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5, 000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place. The studio unit has a “property manager” in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 & the 2nd floor one bedroom would very much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens, and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns & long-term growth potential. Roof is older.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,916/mo

Real estate (PITI + HOA + PMI)
$6,707
Principal + interest$5,029
Property tax + insurance$1,386
PMI / 2nd mortgage$292
Utilities
$558
Heating + cooling$117
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$118
Car insurance + maintenance$118
Other (entertainment)
$158
$6,916/mo TLC
Budget$7,416/mo
Remaining after TLC$500/mo
Purchase price
$779,900
Down payment
$38,995 (5%)
Loan amount
$740,905
APR
7.2%

Quick facts

Type
3 Family
Style
Year built
1882
Lot size
0.23 ac
Stories
4
Heating
Baseboard, Natural Gas
Cooling
Window Unit(s)
Water
Public
HOA
Annual tax
$7,553
MLS #
73220204
County
Middlesex

At a glance

Basement
Waterfront

Home features

Appliances
MicrowaveRefrigerator
Interior
Crown MoldingUpgraded CountertopsBathroom with Shower StallRemodeledWalk-Up AtticStone/Granite/Solid CountersBathroom With Tub & ShowerLiving RoomKitchen
Exterior
Rain Gutters
Community
Public TransportationShoppingTennis Court(s)ParkMedical FacilityHighway AccessHouse of WorshipPrivate SchoolPublic SchoolT-StationSidewalks
Parking
Paved DriveOff StreetAssigned
Flooring
Tile, Hardwood, Stone/Ceramic Tile
Roof
Shingle
Sewer
Public Sewer

Schools

Elementary
Choice

Neighborhood — 01702

MetricThis ZIPCountyUSA
Population36,1316,444,931299,088,112
Population Change Since19909.00%7.00%20.00%
Population Density3,966786
Male17,3713,127,134147,432,321
Female18,7603,317,797151,655,844
Never Married10,6031,612,88563,775,926
Married12,3822,586,314123,120,365
Separated1,870247,85712,639,686
Widowed1,513363,59415,467,586
Divorced2,954436,88823,075,029
Number Of House Hold13,6772,431,591111,826,380
Average House Hold Size2.432.562.60
Medial Age34.0237.2535.46
Median House Hold Income$51,245$57,698$48,276
Average House Hold Income$67,877$75,023$63,629
P C I$28,108$29,196$24,529
M D I$43,299$48,105$41,133
A T H E$53,204$57,083$50,898
S T R5.00%5.00%
W C J86.07%81.38%77.74%
(Zip) Code
1702

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 4/4/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.