This Property is No Longer Available
362 Sumner Street, Boston, MA 02128
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$2,410,000
3 Unit
8 Beds
7 Baths
3571 SQFT
0.05 Acre

Property Description

Full renovation to the studs of this Jeffries Point 3-Family, plus new 4th floor addition. The building will be delivered stabilized and fully rented beginning June 1, 2023 for an annual rent of just under $150,000. Spanning four floors, this building features two (2) bedroom plus (2) full bathrooms and one bi-level (4) bedroom plus (3) full bathrooms. All 3 units feature private decks as well as a large landscaped backyard. Open updated kitchen with floor to ceiling cabinets, unique finishes, granite and SS appliances. Timeless red oak floors stained with a Nordic finish. Each unit features decorative LED lighting as well as custom tiling. New plumbing, electrical, insulation, and windows as well as central AC/Heat and laundry in every unit. Separately metered utilities keeping landlord monthly expenses low. Less than .3 miles to the newest restaurants on the East Boston Waterfront, Piers & LoPresti Park and all that Jeffries Point has to offer!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 7
  • Basement Features: Finished, Full, Other (See Remarks), Slab, Walk Out
  • Common Interior Features: Programmable Thermostat

Financial

  • APOD Available: No
  • Gross Operating Income: 148800
  • Net Operating Income: 126480

Utilities

  • Electric Info: 200 Amps, Individually Metered
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: for Electric Dryer, for Gas Range
  • 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: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Fieldstone, Poured Concrete
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73105129
  • Last Updated: 09/02/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/02/2023Expired$2,410,000$675MLSPIN
06/12/2023Temporarily Withdrawn$2,410,000$675MLSPIN
06/05/2023Contingent$2,410,000$675MLSPIN
05/27/2023Active$2,340,000$655MLSPIN
05/23/2023Price Change$2,340,000$655MLSPIN
05/05/2023Active$2,350,000$658MLSPIN
05/01/2023New$2,350,000$658MLSPIN
04/27/2023Expired$1,250,000$350MLSPIN
04/26/2023Temporarily Withdrawn$1,250,000$350MLSPIN
12/04/2022Under Agreement$1,250,000$350MLSPIN
11/13/2022Active$1,250,000$350MLSPIN
11/09/2022Price Change$1,250,000$350MLSPIN
11/01/2022Active$1,300,000$364MLSPIN
10/28/2022Extended$1,300,000$364MLSPIN
09/13/2022Active$1,300,000$364MLSPIN
09/09/2022New$1,300,000$364MLSPIN

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Seller's Representative: Nico Longo, Century 21 Cityside
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5%
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 2023-09-02 03:05:00

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