This Property is No Longer Available
289 Chestnut Ave, Boston, MA 02130
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$1,135,000
*Sale Price
3 Unit
8 Beds
3 Baths
3634 SQFT
0.10 Acre

Property Description

Coveted location, walk to everything central JP Multifamily, all 3 units are fully rented through 8/31/2024 totaling $ 6,825 per month (under-market). Charming Victorian details, large units, 3 new gas furnaces, newer vinyl windows. All units have in unit laundry, wood floors, original Mouldings, hi-ceilings. Unit 1 has back deck, and all units share back yard. Exceptional opportunity to own a fully rented, prime location 3 family investment home. Like to renovate, bring your vision to improve kitchens, baths, plumbing, electrical, & exterior etc. Current landlords have cared for this home since 1988, but now it's time for a new chapter. 3rd floor has de-lead certificate. Photos are of unit 2 and 3 which are more updated than unit 1. So much potential in an A+ rental location mins from Green St. T, Centre st, Southwest corridor park, JP Pond etc. Please note none of the 3 units can be vacant at closing as all have 1-year leases in place that owner will assume.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Basement Features: Sump Pump, Unfinished Basement, Walk Out

Financial

  • APOD Available: No
  • Gross Operating Income: 81900
  • Gross Expenses: 5200
  • Water/Sewer: 2300
  • INSC: 2900
  • Net Operating Income: 76700

Utilities

  • Heat Zones: 3
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: None
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Dining Room, Kitchen, Living Room
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: None
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Other Rooms: Kitchen, Living Room
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: None
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73161706
  • Last Updated: 10/23/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/23/2023Sold$1,135,000$312MLSPIN
09/30/2023Under Agreement$1,199,000$330MLSPIN
09/25/2023Contingent$1,199,000$330MLSPIN
09/24/2023Active$1,199,000$330MLSPIN
09/20/2023New$1,199,000$330MLSPIN

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Seller's Representative: Christian Iantosca Team, Arborview Realty Inc.
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 2023-10-23 11:06:00

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