Off-Market Property at 38 Grapevine Ave, Lexington, MA, 02421

38 Grapevine Ave, Lexington, MA, 02421

$1,049,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $205 per day and long-term for an average of $3,960 per month, based on similar listings in the area. Estimated short-term cap rate of -3.7%. Estimated long-term cap rate of -3.1%. Welcome Home to 38 Grapevine Avenue! Presenting for the first-time is this Charming and Meticulously-Maintained 3 Bedroom, 1.5 Bath Garrison Colonial Situated on over a Half Acre Private, Wooded Lot. Nestled on a Tranquil Side Street in a Highly Convenient Location just minutes from Sought After Lexington Center, Top-Rated Public Schools, and Easy Highway Access. Inside you will find a Well-Designed Floor Plan Featuring a Bright Eat-In-Kitchen with Stainless Steel Appliances, 1/2 Bath, Spacious Living Room, Formal Dining Room and Family Room with Glass Sliding Door Leading to a 12x12 Rear Deck. Upstairs are 3-Generous Size Bedrooms with Ample Closet Space, and a Full Bathroom with Tub. The Beautiful Walk-Out Basement is Finished with a Bonus Room for Additional Living Preferences. Recent Upgrades Include: Roof (2018) Front Porch Addition (2010) Andersen Renewal Windows throughout (2009) Rear Deck (2007) Kitchen Appliances (2022) Washer & Dryer (2012). Rare Find - Don't Miss This One!

Property Information
Airbnb Avg Daily
See Full Details
Occupancy Rate
See Full Details
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$13230
Bedrooms
3
Bathrooms
2
SQFT
1,664
Furnished
unknown
Year built
1965
Listing Status
Off Market
MLS
73214211

Short-term Rental Potential
arrow_drop_up

$40,932

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$630

Price/SQFT

Long-term Rental Potential
arrow_drop_up

$47,520

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$3,960/mo

Rent