When I saw the list price of $260,000 for a 3 bedroom Newton condominium, I wasn’t expecting much but went to do a quick preview for my clients. I was pleasantly surprised and got them in as soon as possible! Although a little rough around the edges, this home is a sleeper waiting for the right buyer.
It’s a spacious third floor condo which has bird’s eye views from front and back decks. With over 1100 square feet of living area, it has an eat-in kitchen, full dining room, and 3 equally spacious bedrooms. The light pours in even on a rainy day through the many windows illuminating the high ceilings, wide hallways, and attractive hardwood floors. There is 1 deeded off-street parking space and a shared yard.
Considering the strong rental market in Newton, this unit makes sense for an investor buyer. Katie Greeley, Senior Mortgage Originator from Greenpark Mortgage supports the argument for investment.
This is a nice opportunity. It’s hard to find an investment property in Newton where, after a reasonable down payment, you can come out cash positive. With the historic lows we’re experiencing in mortgage rates and reasonable housing prices, it’s a great time for a person to diversify their investments into real estate.
Katharine Greeley, Senior Mortgage Originator, MLO46982
Greenpark Mortgage Corporation, 1 Pine Hill Drive, Suite 402, Quincy, MA 02169
MLS # 71276993
340 Linwood Ave, Unit 3
Newton, MA 02460
The listing broker is Paul Moreton from Real Estate 109 from Belmont. Click here to download a copy of the listing sheet.
If you would like a Buyer Agent’s advice as you tour the home, contact me at Janet@JanetPorcaro.net. While you consider whether or not to become a landlord, read this useful article from Investopedia, 10 Features of a Profitable Rental Property.
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