5 Wenham St, Boston, MA 02130
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$1,400,000
3 Unit
8 Beds
3 Baths
3492 SQFT
0.13 Acre

Property Description

Fully leased, trophy 3-family rental, located on a side street mins from Forest Hills T, Bus & Arboretum! Current owner of 25 yrs has renovated / updated all 3 units, and is now retiring. Buyers looking to generate income from closing day will enjoy $ 8,895 per month, with leases till 8/31/25. Room to grow rents for '25 renewal cycle. Gorgeous back yard, raised garden beds, laundry in basement & unit 1. Loaded with original decorative details, mantels, mouldings, high ceilings + large rooms. Low expenses & minimal maintenance. Close to Forest Hills for commuting. Building delivered with all leases & tenants in place. Full de-lead compliance units 1+2. Unlike most multifamily homes on the market, this one has been carefully updated and is now turn-key. Ideal for 1031 investor, 6%+ Cap rate! Monthly rents #1 $3,245 #2 $3,000 #3 $2,650. 2005 new roof.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Basement Features: Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Pantry
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 106740
  • Gross Expenses: 11592
  • GSE: 392
  • Electric Expenses: 1000
  • Water/Sewer: 1200
  • INSC: 3000
  • Repairs & Maintenance: 6000
  • Net Operating Income: 95148

Utilities

  • Heat Zones: 3
  • 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: 1

Unit 3 Description

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

Construction

  • Year Built: 1910
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated, Unknown
  • Warranty: No

Other Information

  • MLS ID# 73294250
  • Last Updated: 10/01/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/28/2024Active$1,400,000$401MLSPIN
09/24/2024New$1,400,000$401MLSPIN

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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 2024-10-01 13:35:00

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