This Property is No Longer Available
14-16 Chestnut Hill Ave, Boston, MA 02135
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$2,660,000
*Sale Price
6 Unit
16 Beds
12 Baths
6371 SQFT
0.07 Acre

Property Description

Located in the heart of Brighton Center, 14 & 16 Chestnut Hill Ave offers investors a turn-key opportunity to own in a highly sought-after neighborhood. Property consists of two attached brick 3-families, made up of two (2) 2-bed, 1.5-bathroom units and four (4) 3-bed, 1.5-bathroom units fully leased through August 31, 2024. Additionally, each unit features a modern eat-in kitchen, hardwood floors, and private rear deck. All units are nearly identical in terms finishes, condition, and layout. Separate heating systems for each unit, assigned storage stalls, and coin-op laundry in the unfinished basement of both buildings. Seconds to multiple bus lines (51, 57, 57A, 65, 86, etc.), half mile to the B-line (Chiswick Rd), and less than a mile to Boston Landing station! High-demand rental location & a variety of developments currently approved/underway. Leased through August 31, 2024. Rent roll reflects leases beginning 9/1/23.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 11
  • Total Bedrooms: 16
  • Total Full Baths: 6
  • Total Half Baths: 6
  • Amenities: Golf Course, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Interior Features: Intercom, Storage

Financial

  • APOD Available: Yes
  • Gross Operating Income: 162600
  • Gross Expenses: 7526
  • Electric Expenses: 3242
  • Water/Sewer: 4284
  • Net Operating Income: 162600

Utilities

  • Heat Zones: 6
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Construction Type: Brick
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73137100
  • Last Updated: 12/29/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/29/2023Sold$2,660,000$418MLSPIN
10/18/2023Under Agreement$2,900,000$455MLSPIN
10/16/2023Extended$2,900,000$455MLSPIN
07/21/2023Active$2,900,000$455MLSPIN
07/17/2023New$2,900,000$455MLSPIN

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Seller's Representative: Chris Taylor, Advantage Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2023-12-29 14:26:00

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