492 Sumner Street, Boston, MA 02128
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$2,399,000
4 Unit
13 Beds
8 Baths
4033 SQFT
0.06 Acre

Property Description

INVESTORS TAKE NOTE!! Welcome to 492 Sumner Street, a recently renovated four-family in the desirable Jeffries Point neighborhood. The property underwent a comprehensive construction program including new mechanical systems with central heat/AC, in-unit laundry, hardwood floors, shaker style white cabinets, quartz countertops, as well as stainless steel appliances. Additional unit features include sub-metered utilities and rear balconies with backyard access. The building is also sprinklered to meet life safety codes. The expansive unit mix consists of one (1) 2-bed/2-bath, one (1) 3-bed/2-bath, and two (2) 4-bed/2-bath units, which is ideal for maximizing bedroom count and cash-flow. The best of Jeffries Point is at your fingertips with close proximity to Piers Park, public transit, and the marina, as well as great neighborhood bars/restaurants. This property presents a unique opportunity for an investor to supplement their portfolio as interest rates continue to trend downwards.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 13
  • Total Full Baths: 8
  • Basement Features: Finished, Full, Other (See Remarks), Walk Out

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 174300
  • Gross Expenses: 32601
  • Net Operating Income: 141698

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 2019
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Flooring Type: Wood
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73286026
  • Last Updated: 09/09/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/09/2024Active$2,399,000$595MLSPIN
09/05/2024New$2,399,000$595MLSPIN

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Seller's Representative: Michael Sellers, Odessit Capital
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
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 2024-09-09 03:05:00

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