Property Description

This 7-unit multifamily property consists of (7) One-bedroom apartments with (8) off-street parking spaces for tenants to use. This asset is located directly next to the Wyoming Hill MBTA station which makes it very convenient for tenants who are commuting into the city for work or fun. This is the first time the property has been on the market in over 26 years. The rents are currently 40% below market rate, investors have the opportunity to add value through upgrading units and hallways to a more modern look and raising rents to market rate. All interested parties will have the opportunity to obtain additional information upon request.

Property Details tap to expand

Building Information

  • Total Units: 7
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 7
  • Amenities: Public Transportation, T-Station
  • Basement Features: Concrete Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 102000
  • Gross Expenses: 39953
  • Electric Expenses: 2000
  • Water/Sewer: 3360
  • INSC: 4700
  • Repairs & Maintenance: 3500
  • RFS: 3600
  • Management Fee: 4986
  • Miscellaneous Expense: 3750
  • Net Operating Income: 59695

Utilities

  • Electric Info: 60 Amps/Less, None
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73320720
  • Last Updated: 12/19/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/19/2024New$1,650,000$561MLSPIN

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Seller's Representative: Bradford Carlson, New England Realty Advisors LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-19 14:44:00