Welcome to this exceptional investment opportunity with a prime commuter friendly location with an attractive 7+ CAP RATE. Recently renovated 3 family near the Westwood line. This young investment property presents an incredible opportunity for anyone seeking a cash-flowing property with three generously sized units, all separate utilities and a strong rental history. The property has been well maintained and features newer kitchens with new appliances, renovated bathrooms, oversized rooms and a shared back yard. Plenty of parking spaces and separate laundry facilities with additional storage in basement. Within walking distance to the train, shops, restaurants and supermarkets. Units 2 and 3 are currently vacant with rents listed being projected. Depending on buyer's preference, property may be delivered fully occupied or with vacancy in Unit 2 and/or 3.
This multi-family home in Norwood offers a fantastic opportunity for both investors and homeowners. The second floor is currently rented, providing immediate rental income, while the other first floor unit will be delivered vacant, ready for new occupants or owner occupancy. The property features a spacious layout with 4 bedrooms and 2 full bathrooms, spread over two floors. Outside, an expansive lot with a large driveway offers ample parking, with space for more than six cars. Newer roof, electrical panel, and individual heating systems for each unit. Located near parks and shopping, as well as all that Norwood has to offer, this property combines convenience with excellent potential.
Norwood is located in Massachusetts. Norwood, Massachusetts has a population of 31,256. Norwood is less family-centric than the surrounding county with 33.21% of the households containing married families with children. The county average for households married with children is 36.79%.
The median household income in Norwood, Massachusetts is $96,414. The median household income for the surrounding county is $112,089 compared to the national median of $69,021. The median age of people living in Norwood is 39 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 48.6 inches per year, with 47.3 inches of snow per year.
