49-51 Gorman Rd. Framingham — Photo 1 of 37
$789,000
Investment Analysis — 49-51 Gorman Rd.
Framingham, MA 01702
Based on rent reported on the MLS listing, a 2-unit multi-family in 01702 carries $3,000/mo in gross rent — about a 2.38% cap rate and $18,750/yr in estimated NOI at the $789,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,232
Style
2 Family - 2 Units Up/Down
Built
1924
The perfect investment opportunity in Framingham is now available! Ideally located close to Route 9 and all local amenities, 49-51 Gorman Road presents a fantastic opportunity for the Buyer who is searching for a multi-family that has it all. Purchased in 2016 by the current owner, this 2-unit home boasts two renovated kitchens, two newer baths, gorgeous hardwood floors, huge windows that provide an abundance of natural light, a newer gas furnace, a two-car detached garage, a lovely covered porch that leads to a private yard, and ample off-street parking. Low-maintenance vinyl exterior and roof replaced in 2010. All of this tucked away in one of Framingham's top locations. This home has been nicely maintained and is in turn-key condition, ready for it's next owner!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Wilson Group
Listing Office: Keller Williams Realty
MLS® Number: 73579138
