678 Bennington St, Boston, MA 02128
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$1,150,000
2 Unit
7 Beds
3 Baths
2281 SQFT
0.07 Acre

Property Description

This is a prime investment opportunity boasting a strong rental history and significant potential for increased value and equity. This well-maintained two-family residential building features contemporary interior upgrades, along with updated mechanical systems, plumbing, and roof, ensuring minimal maintenance for years to come. With parking for 3-4 vehicles, a lovely yard, and a highly desirable location near restaurants, markets, beaches, parks, and the Blue Line, this property is perfectly positioned for long-term tenant appeal. Currently generating $7,400 in monthly rental income, this investment continues to grow year-over-year. The top-floor unit is secured with a 3-year lease, featuring pre-negotiated rent increases to $4,738/month in the second year and $4,880/month in the third year. Don't miss out on this excellent opportunity!

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Other (See Remarks), Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement, Walk Out

Financial

  • APOD Available: No
  • Gross Operating Income: 86400
  • Net Operating Income: 86400

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • 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: 2

Construction

  • Year Built: 1900
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73294238
  • Last Updated: 10/01/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/28/2024Active$1,150,000$504MLSPIN
09/24/2024New$1,150,000$504MLSPIN

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Seller's Representative: Arthur Deych, Red Tree Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-10-01 11:26:00

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