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