Turnkey 3-family in Norwood's coveted High School area — a rare income-generating opportunity for investors and owner-occupants alike. Three spacious 2BR/1BA units boast soaring ceilings, hardwood floors throughout, and updated major systems for worry-free ownership. Units 2 & 3 renovated in 2021. A standout feature: two separate driveways with 8 parking spaces — virtually unheard of for multi-family in this market. Current rents are below market, unlocking significant upside with a potential cap rate up to 8%. Just 0.5 miles to Norwood Depot commuter rail — a commuter's dream location that keeps vacancy low and demand high. Whether you're chasing strong cash flow or looking to offset your mortgage with rental income, this property delivers. Don't miss this one!
Heating:
Forced Air, Natural Gas
Basement:
Full, Interior Entry
Parking:
8-car, Paved Drive, Off Street
Amenities:
Public Transportation, Park, Medical Facility, Laundromat, Highway Access, T-Station, Sidewalks
Elementary School:
Cleveland
Appliances:
Range, Refrigerator, Dishwasher
36-38 West, Norwood, MA, 02062
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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