This Property is No Longer Available
1427-1429 Tremont, Boston, MA 02120
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$2,600,000
3 Unit
6 Beds
3 Baths
3542 SQFT
0.04 Acre

Property Description

Brick mixed use multi-family property with adjacent lot in Mission Hill. Lot is approved and permitted for development of 10 units; 9 residential units & 1 commercial. Existing structure has 3 units with a successful longterm tenant in the commercial unit, with two 3 bedroom, 1 bath rentals upstairs. The adjacent lot is also available for sale separately (MLS#73134727). The commercial space consists of the first floor and basement. The two units above are leased, with room for improvement. Located in the Mission Hill Neighborhood Shopping Subdistrict with a max building height of 45 feet, there is potential to add another story for greater ROI, buyer to do own due diligence. Located about 275 feet from the Orange Line, & within 1 mile or less are Longwood Medical Area (the largest employer outside of downtown Boston), Fenway, Northeastern, MCPHS, Wentworth, Simmons, Museum of Fine Arts, Southwest Corridor, plus a plethora of restaurants, attractions and more!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Partially Finished
  • Common Rooms: Other (See Remarks)

Financial

  • APOD Available: No
  • Gross Operating Income: 158556
  • Net Operating Income: 158556

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: BWSC

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Dishwasher, Disposal, Range, Refrigerator, Vent Hood
  • Interior Features: Bathroom With Tub, Hardwood Floors, Tile Floor
  • Heating: Central Heat, Electric
  • Cooling:
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Floors: 2
  • Other Rooms: Kitchen, Living RM/Dining RM Combo
  • Appliances: Range, Refrigerator, Vent Hood
  • Interior Features: Bathroom With Tub, Hardwood Floors, Tile Floor
  • Heating: Central Heat, Electric
  • Cooling:
  • Levels: 1

Construction

  • Year Built: 1899
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Brick
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73164180
  • Last Updated: 11/01/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/01/2023Expired$2,600,000$734MLSPIN
10/01/2023Active$2,600,000$734MLSPIN
09/27/2023New$2,600,000$734MLSPIN
10/23/2007Canceled$495,000$183MLSPIN
08/18/2007Active$495,000$183MLSPIN

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Seller's Representative: Mission Realty Advisors, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2023-11-01 03:06:00

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