11 Woodlawn St, Boston, MA 02130
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$2,150,000
3 Unit
11 Beds
6 Baths
3606 SQFT
0.06 Acre

Property Description

Fully leased & recently renovated rental machine in ultra-convenient JP location! Want income from day 1? Mangiacotti Development long-term rental property is proudly offered for sale and is a turn-key investment. Bought in ’11 & mostly gut renovated, with additional updates this summer. Rubber roof, Hardie siding, Azek trim, TimberTech railing systems. Gas combo boilers, + updated 200A electrical, plumbing, kitchens & baths. 2024 new windows, floors, full interior paint, bathroom updates. 2 sets of free laundry in basement, private storage rooms, front & back decks. All 3 units are leased until 8/31/25. Current monthly income = $12,220 (+room to grow next year). Low expenses & minimal maintenance. Close to Forest Hills for commuting. Building delivered with all leases & tenants in place; strong rental history since 2011. Ideal for 1031 investor, 5.5+% Cap rate.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 11
  • Total Full Baths: 6
  • Amenities: Bike Path, Park, Public Transportation, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Ceiling Fans, Crown Molding, Pantry, Stone/Granite/Solid Counters, Storage, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Freezer, Microwave, Range, Refrigerator
  • Common Heating: Electric, Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Baseboard, Wall Unit

Financial

  • APOD Available: Yes
  • Gross Operating Income: 43560
  • Gross Expenses: 9450
  • Water/Sewer: 2400
  • INSC: 2850
  • Repairs & Maintenance: 4000
  • Miscellaneous Expense: 1200
  • Net Operating Income: 43560

Utilities

  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73284362
  • Last Updated: 09/07/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/07/2024Active$2,150,000$596MLSPIN
09/03/2024New$2,150,000$596MLSPIN

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Seller's Representative: Christian Iantosca Team, Arborview Realty Inc.
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 2024-09-07 03:05:00

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