306 Riverside Ave Medford MA 02155 MLS #73233008

Medford 2-family – Prime location abutting a quiet neighborhood, walking trails along Mystic River through the school, easy access to 93, Riverside Yacht Club/Marina, and under 2 minutes to Meadow Glen mall (Wegman’s, Dicks, Marshalls, etc and close proximity to Wellington Square! 2 units side by side with common vestibule, huge fenced front and rear yard, 5-6 off-street parking spots, turnkey with strong historical rents. Units have historical charm with exposed beams, wide pine floors, fireplaces, cathedral primary bedrooms. Left side unit is tenanted through the end of May, right side unit is vacant. See historical rental data in paperclip attachment. Zoning study also available via paperclip. Great opportunity to get into the Medford market with a 5.68% CAP rate investment property! See firm remarks for property website.

Property Details

Price:
$850,000
MLS #:
73233008
Status:
Active
Beds:
4
Baths:
2
Address:
306 Riverside Ave
Type:
Multi Family
Subtype:
2 Family – 2 Units Side by Side
City:
Medford
Listed Date:
May 3, 2024
State:
MA
Finished Sq Ft:
1,929
ZIP:
02155
Lot Size:
6,513 sqft / 0.15 acres (approx)
Year Built:
1910

Schools

Interior

Bathrooms
2 Full Bathrooms
Fireplaces Total
4
Flooring
Wood

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Bike Path, Highway Access, Marina, Public School, University
Construction Materials
Frame, Post & Beam
Parking Features
Off Street, Paved
Parking Spots
5
Roof
Shingle

Financial

Buyer Agent Compensation
2%%
Net Operating Income
$30,600
Tax Year
2024
Taxes
$6,360

Map

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