Karen Adelson - Barrett Sotheby's International Realty

138 Great Road, Bedford, MA 01730  

Multi-Family
$1,777,000
Price
6
Units
5,230
Approx. GLA
INVESTORS TAKE NOTICE: Intriguing, exceptional one-of-a-kind offering of a mixed use property with 3 commercial units and 3 desirable residential apartments prominently located in the heart of Bedford Center's Historic District. Most units are occupied by long term tenants. The front office has considerable prestige and includes the grandfathered in heritage sign. Original structure built circa 1880 houses apartments 1 and 2. The front portion of the building was added in 1962 to include 3 commercial units. In the 1980's a spacious 2 story townhouse apartment was added above the front commercial space. With 7 rms, & 2 full baths, the building became likely one of the most attractive along the Great Road. Among some of the costly improvements by the present owners during the past 15 years : new front and side granite stairways, 6 boilers, roof, lawn sprinklers, electrical, split a/c, gutters, repointed foundation, patio, recently repaved and lined parking lot.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Partial, Walk Out, Garage Access, Concrete Floor, Unfinished Basement
List Price: $1,777,000
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Under Agreement
Beds: 7
Baths: 4
Half Baths: 4
Units: 6
Year Built: 1880
Year Round: Yes
Approx. GLA: 5,230
MLS#: 72868738
 
Interior
Basement: Yes
Cooling Units: 1
Cooling Zones: 2
Electricity Cost: $353
Electric Features: Circuit Breakers, Individually Metered
Heating Units: 6
Flooring: Wood, Wall to Wall Carpet, Laminate, Hardwood
Energy: Storm Windows, Storm Doors
Hot Water: Natural Gas, Tank
Rooms: 23
Lead Paint: Unknown
Total Floors: 3
UFFI: Unknown
Exterior
Water: No
Acres: 0.31
Lot Size: 13,617.00
Lot Description: Paved Drive, Level
Foundation: Concrete Block, Fieldstone
Garage Spaces: 1
Parking Spaces: 14
Parking Features: Off-Street, Common, Paved Driveway
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: White
Construction: Stone/Concrete, Block
Roof Material: Asphalt/Fiberglass Shingles, Rubber
Utility: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
Exterior: Wood, Aluminum
Exterior Features: Deck, Patio, Gutters, Sprinkler System, Screens
Water: City/Town Water, Individual Meter
Water: City/Town Water, Individual Meter
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $788,700
Taxes: $16,948
Tax Year: 2021
Book/Page: 47696/412
Warranty Available: No
School
Grade School: Lane and Davis
Middle School: John Glenn
High School: Bedford High
Beach
Beach: No
Expenses
Expenses Source: Tax Return, Owner Provided
Gross Income: $141,075
Gross Expenses: $30,701
Total Rent: $11,835
Net Income: $45,799
Gas Cost: $919
Insurance Cost: $4,902
Management Cost: $9,390
Refuse Cost: $2,025
R&M Cost: $7,757
Water Cost: $3,980
Misc. Cost: $1,375
Additional
Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Public School
Disclosure Declaration: Yes
Disclosure: Most tenants have current leases from 1-2 years. Located in Bedford's Historic District. The prominent signage on the front lawn is "grandfathered". The parking lot was torn up and repaved last Fall.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 Yes 1 $1,925
Unit 2 4 2 0 2 1 0 Yes 1 $1,750
Unit 3 7 3 0 2 2 0 Yes 2 $2,700
Units Extras
Unit 1
Rent Includes:  Water, Hot Water  Cooling:  Window AC  Applicances:  Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Vent Hood  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Country Kitchen, Hardwood Floors, Internet Available - Fiber-Optic, High Speed Internet Hookup, Walk-In Closet, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water, Hot Water  Cooling:  Window AC  Applicances:  Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Vent Hood  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub & Shower, Country Kitchen, Remodeled, Hardwood Floors, Internet Available - Fiber-Optic, High Speed Internet Hookup, Upgraded Countertops, Floored Attic, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water, Hot Water  Cooling:  Window AC  Applicances:  Washer & Dryer Hookup, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer  Heating:  Electric Baseboard  Interior:  Bathroom with Shower Stall, Bathroom With Tub & Shower, Wall to Wall Carpet, Internet Available - Fiber-Optic, Upgraded Cabinets, Upgraded Countertops, Wood Flooring, Cable TV Available, Cathedral/Vaulted Ceilings, Storage  Rooms:  Living Room, Dining Room, Kitchen, Office/Den 
Map
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The listing office is Barrett Sotheby's International Realty and the listing agent is Lorraine Griecci. 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 10/27/2021 2:05:00 AM.