This Property is No Longer Available
29 Ridgewood St, Boston, MA 02122
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$1,364,000
3 Unit
13 Beds
3 Baths
3906 SQFT
0.09 Acre

Property Description

Rare opportunity to own this CASH COW ! Massive three family with 13 Bedrooms. Currently 7% CAP rate with a lot of upward potential. All three units deleaded. Currently is rented well under market. Current BHA Pay standard is $11,175/month. Leases expire August 31. Four bedrooms on 1st and 3rd floors. 5 Bdr on the second floor. Tenants pay all utilities. Perfect for 1031 exchange, long term rental income, owner occupant or condo conversion. All units are sunny, bright, have front and back porches and recently renovated with granite kitchens, tiled bathrooms. All utilities are split. The TPO roof is 5 yo. Two oil tanks changed within last 2 years, the third is about 8yo. New water tanks. Some appliances are brand new. Large 2 car garage and parking in the back. Additional income from parking is $120/month. Less than 1/2 mile to Red Line. Many bus routes, easy access to highways, South Bay Center, Downtown and all area amenities. Very close to UMASS

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 13
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Partially Finished

Financial

  • APOD Available: Yes
  • Expenses Source: Tax Return
  • Gross Operating Income: 110590
  • Gross Expenses: 16876
  • Electric Expenses: 345
  • Water/Sewer: 2284
  • INSC: 2936
  • Net Operating Income: 93713

Utilities

  • Hot Water: Natural Gas
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • 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

Construction

  • Year Built: 1905
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Laminate
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73100700
  • Last Updated: 06/20/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/20/2023Expired$1,364,000$349MLSPIN
06/08/2023Active$1,364,000$349MLSPIN
06/04/2023Price Change$1,364,000$349MLSPIN
04/23/2023Active$1,349,000$345MLSPIN
04/19/2023New$1,349,000$345MLSPIN
06/01/2022Expired$1,495,000$383MLSPIN
05/13/2022Active$1,495,000$383MLSPIN
05/09/2022Price Change$1,495,000$383MLSPIN
04/10/2022Active$1,495,000$383MLSPIN
04/10/2022Active$1,455,000$373MLSPIN
04/06/2022Extended$1,455,000$373MLSPIN
02/09/2022Active$1,495,000$383MLSPIN
02/09/2022Active$1,455,000$373MLSPIN

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Seller's Representative: Galina Barry, Keller Williams Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2023-06-20 03:05:00

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