Classic Properties REALTORS

28 CONGRESS STREET, Milford, MA 01757


Sale Price

Approx. GLA
Extremely unique opportunity! 2 buildings on 1 property! This iconic property in Milford is well known to many generations! The front building is a 3-Family home that has had almost all of the major items addressed and updated starting in 2007! Roof, electrical services, gas services, gas boilers, windows, exterior paint, and much more have been completed. The 3 family is fully leased and has fantastic income. The Rear building is a former commercial space, but recently the seller has received Town Approval to convert that building into a Single Family 3 BR Residence. The new buyer will be able to move forward with renovations on the property to create new residential space, which is perfect for an owner occupant looking for a multi-family opportunity. Design and renovate the rear building into your own three bedroom home and have the 3 family to support your mortgage OR rent out as a 4th rental unit on the property. This is a fantastic opportunity that you wont want to miss!!
Terms: Contract for Deed
Sale Price: $370,000
Settled Date: 3/9/2018 12:00:00 AM
Basement Features: Full
List Price: $389,900
Type: Multi-Family
Multi-Family Type: 4 Family
Status: Sold
Beds: 5
Baths: 3
Half Baths: 1
Units: 4
Year Built: 1857
Year Round: Yes
Approx. GLA: 2,157
MLS#: 72038653
Basement: Yes
Electricity Cost: $353
Electric Features: Circuit Breakers
Heating Units: 4
Heating Zones: 4
Hot Water: Natural Gas, Electric
Rooms: 11
Lead Paint: Unknown
Total Floors: 2
UFFI: Unknown
Water: No
Acres: 0.25
Lot Size: 10,999.00
Lot Description: Paved Drive, Level
Foundation: Fieldstone, Granite
Foundation Size: Irreg
Parking Spaces: 5
Parking Features: Off-Street, Improved Driveway, Stone/Gravel
Road Type: Public, Paved, Publicly Maint.
Color: White
Construction: Other (See Remarks)
Roof Material: Asphalt/Fiberglass Shingles, Rubber
Exterior: Wood
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $358,700
Taxes: $8,270
Tax Year: 2016
Book/Page: 40816/395
Warranty Available: No
Beach: No
Expenses Source: Owner Provided
Gross Income: $44,800
Gross Expenses: $16,269
Total Rent: $2,650
Net Income: $28,531
Gas Cost: $407
Insurance Cost: $4,865
R&M Cost: $2,265
Sewer Cost: $437
Water Cost: $245
Misc. Cost: $45
Amenities: Tennis Court, Park, Medical Facility, Public School
Exclusions: Tenants personal property. Owners personal property and dance studio property.
Disclosure Declaration: Yes
Disclosure: The new buyer will need to update parking to the approved Town Parking Plan before they will issue final occupancy permit after new buyer converts to SF home. Rear building had ice dam claim in 2011 and all was remedied. Tax Rate will change to residential once rear is converted to Residential.
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 Yes 1 $1,150
Unit 2 4 2 0 2 1 0 Yes 1 $900
Unit 3 3 1 0 1 1 0 1 $650
Unit 4 1 0 0 1 0 1 2
Units Extras
Unit 1
Rent Includes:  None  Rooms:  Living Room, Kitchen 
Unit 2
Cooling:  None  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  None  Cooling:  None  Rooms:  Living Room, Kitchen 
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The listing office is Keller Williams Realty Premier Properities and the listing agent is Lioce Properties Group. 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 12/18/2018 2:44:00 PM.
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