Price Reduction - New Construction - Eco Friendly
Address
464 Sumner Street, Boston, MA
Price
$ 2,495,000
Property Attributes
- MLS#73221816
- TypeMulti-Family
- CountySUFFOLK
- CityBoston
- AreaEast Boston
- Zip02128
- Style4 Family - 4 Units Up/Down
- Year Built1896
- Taxes$ 12800
- Price$ 2,495,000
- Bedrooms11
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage4778
- Lot Size2,614 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Welcome to 464 Sumner Street, your next lucrative investment opportunity in Jeffries Point, East Boston! This recently gut-renovated4-family has a brand new construction addition and is a gem. A Great opportunity to grow your portfolio and secure your financial future. No expense spared withcondo-quality finishes including European-inspired kitchens, hardwood floors, central heat/AC, and in-unit laundry, open-conceptlayouts designed for modern living. Tremendous opportunity for rent growth with high demand luxury units. Situated near Piers Park, public transit,highways, and the marina, this property offers the perfect blend of convenience and desirability.
| Price History | |
|---|---|
| 4/9/2024 | Listed $2,575,000 |
| 4/24/2024 | 4% - $2,495,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | for Gas Range |
| Roof | Rubber |
| Exterior Features | Other |
| Zoning | 4-6 unit |
| Construction Materials | Frame |
| Year Built | 1896 |
| Electric | 110 Volts |
| Property SubType | 4 Family - 4 Units Up/Down |
| Tax Year | 2024 |
| Gross Income | 151760 |
| Waterfront Features | Beach Front,Harbor,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public) |
| Community Features | Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Medical Facility,Laundromat,Bike Path,Conservation Area,Highway Access,Marina,Public School,T-Station,University |
| County | Suffolk |
| Net Operating Income | 121596 |
| Operating Expense | 28539 |
| Insurance Expense | 4773 |
| Property Type | Residential Income |
| Energy Efficient | Other (See Remarks) |
| Garage Y/N | No |
| Total Rooms | 15 |
| Status | Active |
| Directions | GPS |
| City | Boston |
| Disclosures | Rents posted are at renewal prices.Current rents are 2750,3975,4150,4150. 2 tenants have renewed for 9/1/2025 @ 4250 and 4225. If tenants don't renew rents will go to 3325,4250,4350 &4350. Disclosure |
| Senior Community Y/N | No |
| Total Units | 4 |
| MLS Area | East Boston |
| Lot Size Square Feet | 2500 |
| Waterfront Y/N | No |
| Street Name | Sumner Street |
| Year Built Details | Actual |
| Tax Annual Amount | 12800 |
| Electric Expense | 500 |
| Home Warranty Y/N | No |
| Water Sewer Expense | 3100 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1164300 |
| Total Actual Rent | 15650 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Wood |
| Total Stories | 10 |
| Window Features | Insulated Windows |
| Fireplace Y/N | No |
| Full Baths | 8 |
| Total Bedrooms | 11 |
| Total Baths | 8 |
Exterior Features
| Parking Features | On Street |
|---|---|
| Lot Features | Other |
| Water Source | Public |
| Lot Size Area | 0.06 |
| Foundation Details | Concrete Perimeter |
| Spa | No |
| Building Area Total | 4778 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Acres |
| Door Features | Insulated Doors |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
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 02128
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
