Price Reduction - Golf Course
Address
3106-3110 Washington Street, Boston, MA
Price
$ 1,599,000
Property Attributes
- MLS#73218226
- TypeMulti-Family
- CountySUFFOLK
- CityBoston
- AreaJamaica Plain
- Zip02119
- Style4 Family
- Year Built1930
- Taxes$ 10322
- Price$ 1,599,000
- Bedrooms8
- Full Bathrooms2
- Half Bathrooms2
- Sqr Footage4280
- Lot Size3,485 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Pro-Forma upon request.
| Price History | |
|---|---|
| 4/1/2024 | Listed $1,625,000 |
| 4/30/2024 | 2% - $1,599,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Roof | Rubber |
| Zoning | NS |
| Patio/Porch Features | Deck - Wood |
| Year Built | 1930 |
| Property SubType | 4 Family |
| Tax Year | 2024 |
| Gross Income | 127470 |
| Community Features | Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,Bike Path,Conservation Area |
| County | Suffolk |
| Net Operating Income | 104708 |
| Operating Expense | 22762 |
| Insurance Expense | 3091 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Total Rooms | 14 |
| Status | Price Changed |
| Directions | Washington Street between Columbus Avenue and School Street,Egleston Square. |
| City | Boston |
| Disclosures | Residential unit photos are from 2015. Units are occupied. |
| Senior Community Y/N | No |
| Total Units | 4 |
| MLS Area | Jamaica Plain |
| Lot Size Square Feet | 3346 |
| Waterfront Y/N | No |
| Street Name | Washington Street |
| Year Built Details | Approximate,Renovated Since |
| Tax Annual Amount | 10322.53 |
| Electric Expense | 500 |
| Home Warranty Y/N | No |
| Water Sewer Expense | 3000 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 544500 |
| Total Actual Rent | 10623 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Flooring | Tile,Hardwood |
|---|---|
| Total Stories | 7 |
| Window Features | Insulated Windows |
| Fireplace Y/N | No |
| Full Baths | 2 |
| Half Baths | 2 |
| Total Bedrooms | 8 |
| Total Baths | 4 |
Exterior Features
| Lot Features | Wooded |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.08 |
| Foundation Details | Other |
| Spa | No |
| Building Area Total | 4280 |
| Lot Size Acres | 0.08 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02119
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
