12-14 Exchange Street, Millis MA 02054 – 9 bed 4 bath For Sale – 73305045
Overview
- Updated On:
- January 20, 2025
-
- 73305045
- 9 Bedrooms
- 4 Bathrooms
- 1 Garage Space
- 10 Non-Garage Parking Spaces
- 1900
Description
Over the past 5 years, this 4 family building has undergone many upgrades!! This investment makes a net income on Day One! This is the one you have been looking for. As a bonus, there is an oversized detached garage that has been used by the Owner for storage. Transparent seller is happy to share ACTUAL monthly financials on this property, and we have almost 3 years of an AirBnb results as well (YES, a great success in Millis!) Each unit has its own private basement space for storage and laundry. Separate electric, 3 units have gas services, and all units have upgraded heating systems. Most of the windows are replaced. Gut remodel of several areas with all new plumbing and electrical. Terrific location next to dining, library, parks, and walk to schools. Small amount of lawn and landscaping to maintain. This building has ACTUAL leases in place, not projected rents!!
Property Listing Details
Overview
| MLS Status | Closed |
|---|---|
| Price | $ 1,290,000 |
| Living Area | 6,304.00 ft2 |
| Bedrooms | 9 |
| Total Rooms | 18 |
|---|---|
| Listing MLS ID | 73305045 |
| Days on Market | 18 |
| Bathrooms | 4 |
Unit Information
| Bedrooms | 9 |
|---|---|
| Full Bathrooms | 4 |
| Half Bathrooms | 0 |
| Cooling | None,Window Unit(s) |
| Heating | Baseboard,Natural Gas,Oil |
| Uncovered Parking | 10 |
| Garage Parking | 1 |
| Water View | No |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full,Walk-Out Access,Sump Pump |
| Patio And Porch Features | Porch |
| Parking Features | Off Street,Paved |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 4 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full,Walk-Out Access,Sump Pump |
| Roof | Tar/Gravel |
Additional Details
| Community Features | Park,Public School |
|---|---|
| Disclosures | Agent is also Owner of Property. Full engineering completed on required DEP cleanup caused by Town of Millis land behind property. Fully documented and closed RAM Completion Stmt available at Mass.gov |
| Last Updated | 2025-01-20T15:42:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 3683475 |
| Original List Price | 1290000 |
| Listing Office | vesta real estate group, inc. |
| Tax Annual Amount | 10387 |
|---|---|
| Tax Assessed Value | 632600 |
| Tax Book Number | 37348 |
| Tax Year | 2024 |
| Year Built Details | Renovated Since |
| Year Built Source | Public Records |
| Zoning | 5-9 |
| Listing Agent | vesta group |
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12-14 Exchange Street, Millis MA 02054 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
12-14 Exchange Street, Millis MA 02054 – 9 bed 4 bath For Sale – 73305045
$ 1,290,000
Status: Closed
12-14 Exchange Street, Millis MA 02054, Millis, , Norfolk 02054
Country: US
Property Overview
MLS #: 73305045
Type: 4 Family /
Action: Residential Income
Year Built: 1900 (Renovated Since, Source: Public Records, Effective: )
Living Area: 6,304.00 ft2 (Total: 6304 Square Feet, Source: Public Records)
Lot Size: 0.34 ft2 (Area: 0.34 Acres, SqFt: 14810)
Total Rooms: 18
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 9 (Main Level: )
Bathrooms: Total: 4 (Full: 4, Half: 0, Decimal: 4, Main Level: )
Basement: Full,Walk-Out Access,Sump Pump
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features: Insulated Windows
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Concrete Perimeter,Stone (Area: )
Roof: Tar/Gravel
Stories: 6 ()
Common Walls:
Body Type:
Utilities & Green Features
Heating: Baseboard,Natural Gas,Oil
Cooling: None,Window Unit(s)
Water Source: Public
Sewer: Public Sewer ()
Utilities: Varies per Unit
Electric: Circuit Breakers,100 Amp Service,Individually Metered (Expense: 1559)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 1
Covered Spaces: 1
Parking Total: 10
Parking Features: Off Street,Paved
Pool:
Spa:
Patio/Porch: Porch
Fencing:
Lot Features: Wooded
View: (, Waterview Y/N: No)
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Park,Public School
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: 5-9 ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Over the past 5 years, this 4 family building has undergone many upgrades!! This investment makes a net income on Day One! This is the one you have been looking for. As a bonus, there is an oversized detached garage that has been used by the Owner for storage. Transparent seller is happy to share ACTUAL monthly financials on this property, and we have almost 3 years of an AirBnb results as well (YES, a great success in Millis!) Each unit has its own private basement space for storage and laundry. Separate electric, 3 units have gas services, and all units have upgraded heating systems. Most of the windows are replaced. Gut remodel of several areas with all new plumbing and electrical. Terrific location next to dining, library, parks, and walk to schools. Small amount of lawn and landscaping to maintain. This building has ACTUAL leases in place, not projected rents!!
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 4
Units Owner Occupied:
Unit 1: Beds: 2, Full Baths: 2, Half Baths: 0, Levels: 2, Rent: 2100, Lease: Y
Unit 2: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2000, Lease: Y
Unit 3: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1875, Lease: Y
Unit 4: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 3093, Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 10387 (Year: 2024)
Tax Assessed Value: 632600
Tax Block/Lot/Book/Map: / / 37348 /
Parcel Number: 3683475
Special Licenses:
Current Financing: Conv. Fixed
Gross Income: 113198 (Scheduled: 869)
Net Operating Income: 104722
Operating Expense: 8476 (Water/Sewer: 3118, Insurance: 2315)
Financial Data Source: Owner
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Water),Unit 2(Water),Unit 3(Water),Unit 4(Water,Other (See Remarks))
Total Actual Rent: 9068
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: (MLS ID: TEAM0299) / Team: BB302312
Listing Office: (MLS ID: AN4237)
Agent (Property):
Buyer Agent MLS ID: K8002050
Buyer Office MLS ID: AN4893
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-10-25
Expiration Date: 1900-01-01
Original List Price: 1290000
Price Per SqFt (List): 204.63
Market Time (Property): 18 (Broker: 18, Prev Broker: , Prev Property: 0)
MLS Status: Sold
Possession:
Directions: Next store to town library and Niagara Museum House
Disclosures: Agent is also Owner of Property. Full engineering completed on required DEP cleanup caused by Town of Millis land behind property. Fully documented and closed RAM Completion Stmt available at Mass.gov, N
Lead Paint: Unknown
Title 5:
Exclusions: Personal Property Of Tenants
Contingency: Pending P&S
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: Unit 12A has finished walkout basement room (Incl. Base: No, Other: )
Master Book/Page: / (Page: 301)
Sale Information (if applicable)
Close Date: 2025-01-17
Close Price: 1350000
Price Per SqFt (Sold): 214.15
Anticipated Sold Date: 2025-01-17T05:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2024-10-28
Sold vs Rent:
System Information
Property ID: 1565149
Modification Timestamp: 2025-01-20T15:42:00.000Z
Bridge Modification Timestamp: 2025-01-20T15:49:21.697Z
Original Entry Timestamp: 2024-10-25T07:05:00.000Z
Status Change Timestamp: 2025-01-20T15:42:00.000Z
Off Market Date: 2024-11-11
Development Status:
Business Type:
