$1,800,000
$1,800,000
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21 Adams Ave Groton, MA 01450
12 Beds
12 Baths
7,526 SqFt
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 7,526 sqft
Price per Sqft $239
MLS Listing ID 72982822
Sold Date 07/13/22
Bedrooms 12
Full Baths 12
Year Built 1961
Annual Tax Amount $14,339
Tax Year 2022
Lot Size 1.470 Acres
Acres 1.47
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
A truly rare investment opportunity in downtown Groton. 12 unit multi-family property in fantastic condition located in quiet neighborhood with an easy walk to town center. Town water/town sewer and brick front. Plenty of off street parking for the tenants plus guest parking. Update the units for an even stronger cap rate or leave the units as they are and enjoy the high returns of Groton rental rates. All units have long term tenants are rented WELL BELOW the market rate. All 12 units have 3 rooms - kitchen/dining space, living room, one separate bedroom, and full bath. This prime location offers walkability to library, park, rail trail, restaurants, coffee shops, conservation trails, you name it! All tenants are TAW w/30 day notice. Please review all attachments. This easy to maintain investment property is not to be missed! Group Showings - Thursday 5/19 12 PM - 1 PM, Sat 5/21 10:30 AM - 12 PM, Tue 5/24 5 PM - 7 PM. Seller will begin reviewing offers Wed 5/25
Location
State MA
County Middlesex
Zoning R
Direction Rte 119 to Pleasant St to Adams Ave
Interior
Interior Features Unit 1(Pantry, Bathroom With Tub & Shower, Open Floor Plan), Unit 2(Pantry, Bathroom With Tub & Shower, Open Floor Plan), Unit 3(Pantry, Bathroom With Tub & Shower, Open Floor Plan), Unit 4(Pantry, Bathroom With Tub & Shower, Open Floor Plan), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen, Living RM/Dining RM Combo)
Heating Unit 1(Hot Water Baseboard, Oil), Unit 2(Hot Water Baseboard, Oil), Unit 3(Hot Water Baseboard, Oil), Unit 4(Hot Water Baseboard, Oil)
Cooling Unit 1(Wall AC), Unit 2(Wall AC), Unit 3(Wall AC), Unit 4(Wall AC)
Flooring Vinyl, Carpet, Unit 1(undefined)
Appliance Unit 1(Range, Refrigerator, Vent Hood), Unit 2(Range, Refrigerator, Vent Hood), Unit 3(Range, Refrigerator, Vent Hood), Unit 4(Range, Refrigerator, Vent Hood), Oil Water Heater, Utility Connections for Electric Range
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Utilities Available for Electric Range
Roof Type Shingle
Total Parking Spaces 12
Garage No
Building
Lot Description Level
Story 6
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Flor Ro
Middle Schools Gdms
High Schools Gdrhs
Others
Senior Community false
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Bought with Amber Martin • Lamacchia Realty, Inc.