Off-Market Property at 87 North St, Lexington, MA, 02420

87 North St, Lexington, MA, 02420

$2,699,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $9,800 per month, based on comparable local listings. Estimated long-term cap rate of -3.1%. Designed w/ vibrant, luxurious living in mind, this 2017-built NORTH EAST facing Colonial is flooded w/ natural light & many tech enabled features. Four finished levels, 5 beds, 4.5 baths & 2-car garage, conveniently close to Fiske/Diamond schools. Open concept main level w/ family/dining/kitchen/breakfast nook & ½ bath. The chef's kitchen has gleaming white cabinets, Sub-Zero & Wolf appliances, an appliance cabinet, double oven & a wolf gas stove w/ vent hood. Comfort & tranquility on the 2nd floor - 4 beds, 3 baths, a huge laundry room w/ double washer & a pedestal dryer. 3rd floor offers a private retreat with a bedroom, bonus room & full bath. Gather in the finished basement for game night & movies! SMART switches & Nest system. An expansive yard beckons gatherings & the possibility of a private swimming pool oasis. Grill on the deck, gather around the patio, or cozy up by the fire pit under the stars. Steps to Willards Woods. Burlington Mall & Lifetime Fitness are a short drive.

Property Information
Monthly Rent
$9,800
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$28383
Bedrooms
5
Bathrooms
5
SQFT
5,370
Furnished
unknown
Year built
2017
Listing Status
Off Market
MLS
73220450

Long-term Rental Potential
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$117,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$9,800/mo

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