4 Summit Drive #504 Reading — Photo 1 of 30
$469,900
Investment Analysis — 4 Summit Drive #504
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01867 carries an estimated $2,620/mo in gross rent — about a 2.10% cap rate and $9,854/yr in estimated NOI at the $469,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,040
Style
Condominium
Built
1985
Ideally located offering extreme convenience to major routes, yet tucked away in a serene setting, this 5th floor condo will have you "movin' on up to the WEST side!" Beautifully maintained, this spacious unit offers a comfortable open concept, lots of light, and a lovely balcony off of the living area. The kitchen is ultra stylish in its European inspired finishes, high quality stainless appliances and functionality. With two spacious bedrooms and two baths, including a comfortable ensuite primary with a walk-in closet, there is plenty of room for family, guests, or a home office. This property includes all of the features you hope to find in a carefree setting...IN UNIT laundry, private outdoor space, GARAGE parking, EXTRA storage, and NO age restriction. Whether you are a downsizer, first timer, or savvy investor looking for a rental opportunity, this property fits the bill. Shown by appointment only, be sure to put this on the top of your MUST SEE list. A wonderful opportunity at an affordable price!
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl null16 x 14
Flooring - Wall to Wall Carpet, Balcony - Exterior, Exterior Access, Open Floorplan, Recessed Lighting
Dining Room
Lvl null9.6 x 10
Flooring - Wall to Wall Carpet, Open Floorplan, Recessed Lighting
Kitchen
Lvl null8.6 x 8
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Remodeled, Stainless Steel Appliances
Master Bedroom
Lvl null12 x 17
Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl null15 x 13.9
Bathroom 1
Lvl nullBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead
Bathroom 2
Lvl nullBathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead
Listing Agent: Rick Nazzaro
Listing Office: Colonial Manor Realty
MLS® Number: 73575246
