Amy Sebell - William Raveis Real Estate

621-623 Fellsway, Medford, MA 02155  

Wellington
Multi-Family
$869,900
Price
2
Units
2,356
Approx. GLA
Incredible opportunity to invest in the area's hottest neighborhood. Walking distance to Wellington Train, Stations Landing, and minutes to Assembly Row. A commuter's dream with great rents! The first level has been completely renovated! New white kitchen with subway tile backsplash, granite counters, and stainless appliances. New tiled bath, freshly painted interior, and sanded and refinished hardwood floors. A pretty fireplace foyer with a walk-in closet greets you as you enter this unit. The 2nd floor offers 3 bedrooms, an eat-in kitchen, pantry, laundry room, spacious dining and living room with a pretty stained glass window, and a brand new renovated tiled bath. The interior has just been painted and looks fresh. There is a large walk-up attic with the potential to renovate and add bedrooms and a bath. Each unit has an enclosed porch the perfect spot to unwind after a long day. Off-street and on-street parking available.
Open House
No scheduled Open Houses
Highlights
Area/Village: Wellington
List Price: $869,900
Type: Multi-Family
Multi-Family Type: 2 Family
Status: Under Agreement
Beds: 5
Baths: 2
Units: 2
Year Built: 1910
Year Round: Yes
Approx. GLA: 2,356
MLS#: 72821791
Interior
Basement: Yes
Electric Features: Circuit Breakers
Flooring: Wood, Tile
Fireplaces: 1
Hot Water: Natural Gas
Rooms: 11
Lead Paint: Unknown
Total Floors: 2
UFFI: Unknown
Exterior
Water: No
Acres: 0.09
Lot Size: 3,920.00
Lot Description: Paved Drive
Foundation: Poured Concrete
Parking Spaces: 4
Parking Features: Off-Street, Paved Driveway, On Street Without Permit
Road Type: Public
Color: Green
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range, for Electric Range, for Gas Oven, for Electric Dryer
Exterior: Vinyl
Exterior Features: Porch - Enclosed, Gutters, Screens, Satellite Dish
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $618,700
Taxes: $5,822
Tax Year: 2021
Book/Page: 34514/554
Warranty Available: No
School
High School: MHS
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $55,200
Gross Expenses: $2,310
Total Rent: $4,600
Net Income: $55,200
Insurance Cost: $2,310
Water Cost: $3,113
 
 
Additional
Amenities: Public Transportation, Shopping, Swimming Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University
Disclosure Declaration: No
Disclosure: Tenants on the 2nd floor have been there for 11 years and have a lease. The third bedroom does not have a closet. The first floor is T.A.W. FP on the first floor has never been used. Sellers have not lived in the property for 11 years. The seller is a licensed RE agent.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 5 2 1 1 1 0 No 1 $2,200
Unit 2 6 3 0 2 1 0 Yes 2 $2,400
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range, Dishwasher, Microwave, Refrigerator  Heating:  Hot Water Radiators, Gas  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Stone/Ceramic Tile Floor, Stained Glass Window(s), Upgraded Cabinets, Upgraded Countertops, Wood Flooring, Walk-In Closet, Cable TV Available, Pantry, Storage  Rooms:  Living Room, Dining Room, Kitchen 
Unit 2
Rent Includes:  Water  Applicances:  Range, Dishwasher, Disposal, Microwave, Refrigerator  Heating:  Hot Water Radiators, Gas  Interior:  Hardwood Floors, Stained Glass Window(s), Wood Flooring, Walk-Up Attic, Cable TV Available, Pantry, Storage, Tile Floor  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Map
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The listing office is William Raveis R.E. & Home Services and the listing agent is The Deborah Lucci Team. 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.
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