$865,000
$900,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3.5 Baths
3,500 SqFt
SOLD DATE : 10/23/2024
Key Details
Sold Price $865,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $247
MLS Listing ID 73208182
Sold Date 10/23/24
Bedrooms 4
Full Baths 2
Half Baths 3
Year Built 1880
Annual Tax Amount $11,269
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Mixed use building just off Main Street with two income generating residential units upstairs, each consisting of 5 rooms/2 bd/1bath and a commercial space at the street level. Residential units are Tenants -at-Will and are currently fetching $3700 gross income. The commercial space is a fully equipped restaurant, is handicap accessible, and includes 2 patron restrooms, as well as a third half bath for employee's use. There's a great outside patio area and plenty of freezer storage in the basement. A savvy investor will do quite well to put this downtown business space back into good use. All units are separately heated with newer systems and are equipped with their own electric panel. This building's roof was replaced over the past 3 years. Full sprinkler system is in place. Proof of funds are REQUIRED prior to scheduling a full tour of this property. **See for additional photos of restaurant space MLS Listing #73183156
Location
State MA
County Middlesex
Zoning B
Direction off main street in Downtown Wakefield
Rooms
Basement Full, Interior Entry, Bulkhead
Interior
Interior Features Living Room, Dining Room, Kitchen
Heating Baseboard, Individual, Unit Control, Natural Gas
Cooling Central Air
Appliance Range, Dishwasher, Disposal, Refrigerator, Range Hood
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station
Waterfront false
Waterfront Description Beach Front,Lake/Pond,Walk to,1/2 to 1 Mile To Beach
Roof Type Shingle,Rubber
Parking Type Paved Drive, Off Street, Driveway, Other
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story 6
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Kim Mulligan • Realty Direct Somerville
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "