$599k for this Investor’s hidden gem!! You will be amazed how this 3 family home with a private backyard is nestled in a corner of tranquility yet conveniently located in the heart of the city. Easy highway access, fun city activities and dining are all minutes away to enjoy. Updates include: New kitchens & baths, new appliances, newly painted interior, refinished hardwoods throughout, storage closets on each floor, and 3 new reinforced decks add to the appeal of owning this property. Don’t miss this opportunity, the hard work has been done for you!
Multi-familyProperty Type
1900Year Built
4,823 sq ftLot Size
$233Est. Price/Sq.Ft.
Listed by Kimberly McGhee• RE/MAX Vision
Bought with Jonathan Cabezas• Coldwell Banker Realty - Lexington
This is an amazing opportunity to get a fixer upper multi family in one of the hottest Real Estate markets in the country. This 3 unit 2bed/1bath per unit multi is in need of repairs with major upside when the repairs are completed. Minutes away from the WooSox and minutes away from 290/Rte 9 and 90. Great commuter location. This opportunity to build equity in a multi family doesn't come around often. Buyer and buyer representation to do their own due diligence prior to submitting an offer. There are no promises or warranties expressed or implied. Seller has never lived in the property. Selling as is where is. TAW agreements to stay in place until 8/31/22 with all 3 units.
Year
Property tax
Land + Additions
Assessment*
2023
$4,924 (+15.1%)
$68,800 + $274,600
$343,400
2022
$4,277 (+10.3%)
$55,100 + $226,100
$281,200
2021
$3,878 (+7.7%)
$44,100 + $194,100
$238,200
2020
$3,602 (+0.7%)
$43,800 + $168,100
$211,900
2019
$3,578 (+2.1%)
$38,200 + $160,600
$198,800
2018
$3,504 (+6.4%)
$38,200 + $147,100
$185,300
2017
$3,294 (+5.6%)
$38,200 + $133,200
$171,400
2016
$3,118 (+5.5%)
$27,700 + $123,600
$151,300
2014
$2,956 (+3.9%)
$27,700 + $123,600
$151,300
2013
$2,845 (+6.9%)
$31,300 + $121,800
$153,100
2012
$2,661 (+2.4%)
$31,300 + $125,400
$156,700
2011
$2,599 (+4.8%)
$44,800 + $117,000
$161,800
2010
$2,480 (−10.2%)
$44,800 + $118,900
$163,700
2009
$2,762
$71,100 + $133,500
$204,600
Tax history for 42 Velander St
Year
Property tax
Land + Additions
Assessment*
2023
$4,924 (+15.1%)
$68,800 + $274,600
$343,400
2022
$4,277 (+10.3%)
$55,100 + $226,100
$281,200
2021
$3,878 (+7.7%)
$44,100 + $194,100
$238,200
2020
$3,602 (+0.7%)
$43,800 + $168,100
$211,900
2019
$3,578 (+2.1%)
$38,200 + $160,600
$198,800
2018
$3,504 (+6.4%)
$38,200 + $147,100
$185,300
2017
$3,294 (+5.6%)
$38,200 + $133,200
$171,400
2016
$3,118 (+5.5%)
$27,700 + $123,600
$151,300
2014
$2,956 (+3.9%)
$27,700 + $123,600
$151,300
2013
$2,845 (+6.9%)
$31,300 + $121,800
$153,100
2012
$2,661 (+2.4%)
$31,300 + $125,400
$156,700
2011
$2,599 (+4.8%)
$44,800 + $117,000
$161,800
2010
$2,480 (−10.2%)
$44,800 + $118,900
$163,700
2009
$2,762
$71,100 + $133,500
$204,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.