3106-3110 Washington Street, Boston, MA 02119
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$1,625,000
4 Unit
8 Beds
4 Baths
4280 SQFT
0.08 Acre

Property Description

Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Pro-Forma upon request.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 8
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Amenities: Bike Path, Conservation Area, Golf Course, Laundromat, Medical Facility, Park, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 127470
  • Gross Expenses: 22762
  • Electric Expenses: 500
  • Water/Sewer: 3000
  • INSC: 3091
  • Repairs & Maintenance: 5099
  • Miscellaneous Expense: 750
  • Net Operating Income: 104708

Utilities

  • Heat Zones: 4
  • Cooling Zones: 4
  • Energy Features: Insulated Windows
  • 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: 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: 1930
  • Type: 4 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73218226
  • Last Updated: 04/05/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/05/2024Active$1,625,000$380MLSPIN
04/01/2024New$1,625,000$380MLSPIN
08/19/2022Expired$1,725,000$403MLSPIN
07/03/2022Active$1,725,000$403MLSPIN
06/29/2022Price Change$1,725,000$403MLSPIN
06/19/2022Active$1,750,000$409MLSPIN
06/19/2022Active$1,725,000$403MLSPIN
06/15/2022Price Change$1,750,000$409MLSPIN
05/22/2022Active$1,750,000$409MLSPIN
05/22/2022Active$1,795,000$419MLSPIN
05/18/2022New$1,795,000$419MLSPIN
12/22/2010Expired$499,900MLSPIN
06/09/2010Temporarily Withdrawn$499,900MLSPIN
12/22/2009Active$599,900MLSPIN
12/22/2009Active$499,900MLSPIN
12/22/2009Active$699,900MLSPIN

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Seller's Representative: The Residential Group, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.25
Facilitator Compensation: 2.25
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-04-05 03:30:00

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