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39 Lambert St, Medford, MA 02155

Multi-Family

$1,299,900
Price

3
Units
4,146
Approx. GLA
Showings begin with Open House on Sunday, December 10 from 12:00 Noon to 1:30 PM. Rarely available Three Family in the hot Medford market. Classic and spacious triple decker with approx $80,000 per year gross income with the potential to go even higher. Perfectly situated on quiet side street near Route 28 (Fellsway) and Route 60, yet steps from Express Bus to Boston (325) and routes to Wellington Station & Malden Station. Walk to shops and restaurants of Stevens/Haines Square and nearby new shopping center. Quick access to Route 93 and Downtown Boston. Property has been updated and features 10 year old rubber roof, vinyl siding, newer windows, newer appliances, recently refinished hardwood floors, renovated bathrooms, upgraded cabinets and and some granite in kitchens. Three separately metered gas heating systems, washer/dryer hookups and pantry/secondary kitchen, as well as front and back porches in each unit. Excellent opportunity for owner to occupy or for investor/developer.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Full, Interior Access, Bulkhead
List Price: $1,299,900
Type: Multi-Family
Multi-Family Type: 3 Family - 3 Units Up/Down
Status: Contingent
Beds: 9
Baths: 3
Units: 3
Year Built: 1900
Approx. GLA: 4,146
MLS#: 72261297
Interior
Basement: Yes
Electric Features: Circuit Breakers, 100 Amps
Heating Units: 3
Heating Zones: 3
Flooring: Hardwood
Hot Water: Natural Gas
Rooms: 21
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.07
Lot Size: 3,200.00
Lot Description: Fenced/Enclosed, Level
Foundation: Fieldstone
Road Type: Public
Construction: Frame
Roof Material: Rubber
Utility: for Gas Range, for Electric Dryer, Washer Hookup, Varies per Unit
Exterior: Vinyl
Exterior Features: Deck - Composite, Porch, Fenced Yard
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $716,200
Taxes: $7,563
Tax Year: 2017
Book/Page: 68886/190
Warranty Available: Unknown
Beach
Beach: Yes
Miles to Beach: 1 to 2 Mile
Beach Description: Lake/Pond
Beach Ownership: Public
Expenses
Expenses Source: Owner Provided
Gross Income: $79,200
Total Rent: $6,700
Net Income: $79,200
 
 
Additional
Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Disclosure Declaration: No
Disclosure: Unit 1 is tenant at will. Unit 2 is leased thru 5/1/18. Unit 3 is leased thru 6/1/18.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 7 3 0 1 1 0 No 1 $2,200
Unit 2 7 3 0 2 1 0 Yes 1 $2,200
Unit 3 7 3 0 3 1 0 Yes 1 $2,200
Units Extras
Unit 1
Heating:  Gas  Interior:  Hardwood Floors, Cable TV Available, Pantry, Balcony/Deck  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Unit 2
Heating:  Gas  Interior:  Hardwood Floors, Cable TV Available, Pantry, Balcony/Deck  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Unit 3
Heating:  Gas  Interior:  Hardwood Floors, Cable TV Available, Pantry  Rooms:  Living Room, Dining Room, Kitchen, Laundry 
Common
Heating:  Gas 
Map
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The listing office is RE/MAX Andrew Realty Services and the listing agent is Chuck Andre. 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 12/16/2017 9:05:00 PM.
 
Shawn Sullivan, Broker Associate, CRS
Shawn Sullivan, Broker Associate, CRS
Realtor®
RE/MAX Andrew Realty Services