Brought to you by: Lyn Gorka - RE/MAX Executive Realty
2 Mount Royal Ave. Suite 120
Marlborough, MA 01752

Phone: (508) 395-4685 Fax: (508) 481-7260
Website: lyngorka.com
Email: lyngorka@comcast.net
 

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14-16 Martin St
Marlborough, MA. 01752-4025

Middlesex County
Directions: West Main (rt 20) Or Elm Streets To Broad St. To Martin Street Next To
Stevens Howe Park

MLS # 72220168 - Under Agreement
Multi-Family 4 Family    

List Price $589,900 Days on Market  
List Date   # Units 4
Sale Price   # Floors  
Sold Date   Rooms 20
Assessed Value $286,700 Bedrooms 11
Gross Living Area 4,706SF Full Baths 5
Lot Size 9,067SF Half Baths 0
Taxes $4,392.00 Fireplaces  
Tax Year 2017 Basement Yes
Zoning Res A3 Waterfront No
Est. Street Front 110 ft. Beach Nearby No
Year Built 1920 Parking Spaces 8
    Garage Spaces 0
Remarks:
Great 4-family investment opportunity located on dead end street abutting Howe-Stevens Park in Marlborough. Below market rents currently. Double lot provides plenty of parking. Low turnover. Good tenants, all TAW. Tenants pay electric heat; 2 hot gas hot water tanks. Separate utilities. Easy to maintain. Convenient location close to Rt 20, I495/290/Mass Pike, public transportation, shopping, downtown, mall, ARRT bike trail and more.
Features
Amenities   Public
   Transportation,
   Shopping, Park, Bike
   Path, Highway Access
Basement   Full, Interior
   Access, Sump Pump, Dirt
   Floor
Construction   Frame
Electricity   Circuit
   Breakers, Individually
   Metered
Energy   Insulated
   Windows, Storm Windows,
   Insulated Doors, Storm
   Doors
Exterior   Vinyl
Exterior Feat.   Porch -
   Enclosed
Flooring   Tile, Vinyl,
   Wall to Wall Carpet,
   Varies Per Unit,
   Laminate
Foundation   Fieldstone
Foundation Size   52x30
Hot Water   Natural Gas,
   Tank
Lead Paint   Yes
Lot   Level
Parking   Off-Street,
   Paved Driveway
Road   Public
Roof   Asphalt/Fiberglass
   Shingles
Sewer / Water   City/Town
   Sewer, City/Town Water
UFFI   No
Utility Connections   for
   Gas Range, for Electric
   Range, for Electric
   Dryer, Washer Hookup,
   Varies per Unit
Warranty   No
Units
Unit 1 Appliances: Range, Refrigerator; Bedrooms: 1; Floor: 1; Full Baths: 1; Heating: Electric Baseboard;
     Interior: Cable TV Available, Bathroom With Tub & Shower, Stone/Ceramic Tile Floor; Lease: No;
     Levels: 1; Rent: 700; Rent Includes: Water, Hot Water; Rooms: 4; Rooms Desc.: Living Room,
     Kitchen, Other (See Remarks)
Unit 2 Appliances: Range, Microwave, Refrigerator; Bedrooms: 4; Floor: 2; Full Baths: 1; Heating:
     Electric Baseboard, Gas; Interior: Wall to Wall Carpet; Lease: No; Levels: 2; Rent: 1350; Rent
     Includes: Water, Hot Water; Rooms: 6; Rooms Desc.: Living Room, Kitchen, Laundry
Unit 3 Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 1; Full Baths: 1; Heating: Electric Baseboard;
     Lease: No; Levels: 1; Rent: 950; Rent Includes: Water, Hot Water; Rooms: 4; Rooms Desc.: Living
     Room, Kitchen, Laundry
Unit 4 Appliances: Range, Refrigerator; Bedrooms: 4; Floor: 2; Full Baths: 2; Heating: Electric Baseboard;
     Lease: No; Levels: 2; Rent: 1225; Rent Includes: Water, Hot Water; Rooms: 6; Rooms Desc.: Living
     Room, Kitchen, Laundry
Financial Info
Electricity   $1,080
Expenses Source   Owner
   Provided, Pro. Forma
   Available
Expenses Year End   12/16
Gas   $1,740
Gross Expenses   $15,500
Gross Oper. Income  
   $50,700
Net Oper. Income   $35,200
Refuse Removal   $2,028
Sewage   $925
Water   $925
Additional Information
APOD Available?   No
Adult Community   No
Anticipated Sale Date  
   11/30/2017
Deed   Book: 46026, Page:
   340, Cert. #: 00196219
Disclosures   Current
   rents well below market
   rates. Lot area and taxes
   include 2 lots 068-96 &
   068-97. Finished enclosed
   porches increased number
   of rooms and bedroom.
   Seller installing
   remaining 5 new insulated
   replacement windows.
Foreclosure   No
GLA Source   Public Record
Identifier   Map: 068,
   Lot: 000, Block: 096-97
Living Area Disclosures  
   Does not include full
   gross area of finished
   half story.
Off Market Date   9/28/17
Parcel #   M:068 B:097
   L:000
Schools   Grade School:
   Richer / IC, Middle
   School: Whitcomb / AMSA,
   High School:
   Marlbro/AMSA/AV
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 9/29/17 3:07am

Courtesy: MLSPIN

Listing Office: RE/MAX Executive Realty Listing Agent: Lyn Gorka


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