309 R Sumner, Boston, MA
Not Available - Off MarketPrice Reduced $200,000
0
This Property is No Longer Available
309 R Sumner, Boston, MA 02128
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$1,999,900
5 Unit
6 Beds
5 Baths
3272 SQFT
0.06 Acre

Property Description

An outstanding stabilized opportunity in the heart of Jeffries Point. Completely renovated with condo grade finishes this five family consists of two bi-level 1-bedroom units, two functional studios, and one spacious 2-bedroom. These designer pads feature upgraded kitchens with quartz countertops and stainless steel appliances, bright baths with marble tiling, generous rear decks, central heating/cooling, in-unit washer/dryers, recessed lighting and hardwood floors throughout. This turnkey 5.3% cap has all utilities separate and generates over $142,200 in rental income with room to grow. Located moments from Maverick MBTA stop, downtown Boston and the airport, this property gives an intelligent investor the option to either keep long term tenants or massively increase cashflow by renting short/mid term, as well as the choice to sell out as condos. A rare chance to capitalize on a profitable asset in one of Boston's highest appreciating neighborhoods.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 6
  • Total Full Baths: 5
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Marina, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails
  • Basement Features: Finished, Full, Other (See Remarks)
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 133200
  • Net Operating Income: 133200

Utilities

  • Heat Zones: 5
  • Cooling Zones: 5
  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1899
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame, Stone/Concrete
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73047119
  • Last Updated: 10/05/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/05/2023Canceled$1,999,900$611MLSPIN
05/01/2023Active$1,999,900$611MLSPIN
04/27/2023Extended$1,999,900$611MLSPIN
03/11/2023Active$1,999,900$611MLSPIN
03/06/2023Price Change$1,999,900$611MLSPIN
01/22/2023Active$2,049,900$626MLSPIN
01/18/2023Price Change$2,049,900$626MLSPIN
11/12/2022Active$2,099,900$642MLSPIN
11/08/2022Price Change$2,099,900$642MLSPIN
10/16/2022Active$2,199,900$672MLSPIN
10/12/2022New$2,199,900$672MLSPIN

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Seller's Representative: The Legacy Group, EVO Real Estate Group, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 1%
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2023-10-05 17:16:00

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