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Key Details
Sold Price $685,000
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Sold
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $99
MLS Listing ID 73177804
Sold Date 02/15/24
Bedrooms 11
Full Baths 7
Half Baths 2
Year Built 1890
Annual Tax Amount $9,731
Tax Year 2023
Lot Size 0.530 Acres
Acres 0.53
Property Description
A business and housing investment opportunity. Large circa 1890 Victorian home celebrating 50 years serving the community. The Elizabeth Home provides a group home with municipal licenses for a congregate living environment for 16 residents that includes 3 nutritious meals daily, laundry, linen and housekeeping weekly. 100% occupied via lease and rental agreements, with some long time residents of 15-21 years. No permitting required when current usage continued. Fire and smoke detector systems, natural gas steam heat, updated electric, asbestos abatement of steam system and multiple egress ensure a safe and secure household for the 24+ rooms including 7+ bathrooms. The U-shaped home sits stately on a corner lot with 369 foot frontage, expansive front porch and hidden balcony deck. Annual rental income of $320,000. A 38x38 two-story carriage house has current additional lease to contractor, however it awaits creative upgrade ideas. Management provided. Excellent staff onsite.
Location
State MA
County Franklin
Zoning RA
Direction Main Street East to Congress Street, destination at for of Congress and Crescent Streets
Rooms
Basement Full, Partial, Crawl Space, Interior Entry, Bulkhead, Dirt Floor, Concrete
Interior
Interior Features Ceiling Fan(s), Pantry, Storage, Crown Molding, High Speed Internet Hookup, Walk-In Closet(s), Bathroom with Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Smart Thermostat, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Mudroom, Sunroom, Other (See Remarks)
Heating Steam, Natural Gas, Common
Cooling Window Unit(s), Individual
Flooring Wood, Tile, Carpet, Hardwood, Hardwood Floors, Wood Flooring, Wall to Wall Carpet
Fireplaces Number 3
Appliance Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Freezer - Upright, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Laundry Laundry Room, Washer Hookup, Washer & Dryer Hookup
Basement Type Full,Partial,Crawl Space,Interior Entry,Bulkhead,Dirt Floor,Concrete
Exterior
Exterior Feature Porch, Porch - Enclosed, Deck, Deck - Wood, Handicap Access, Balcony/Deck
Garage Spaces 2.0
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
Utilities Available for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Waterfront Description Beach Front,River,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 8
Garage Yes
Waterfront Description Beach Front,River,Beach Ownership(Public)
Building
Lot Description Corner Lot, Cleared, Level
Story 7
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Peter Chilton • Keller Williams Realty