237 Cummins Hwy, Boston, MA 02131
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$5,999,999
Type: 5+ Residential
Lease Type N/A
13800 Bldg. SQFT
16 Restroom
Parking: N/A

Property Description

Great investment opportunity at The Hillcrest, this four-story brick building offers a substantial almost 14,000 square feet of living space on a 0.32-acre lot. The property comprises 16 residential units, providing 15 two-bedroom units and 1 one-bedroom unit and 16 parking spaces. Each unit is equipped with electric heating, simplifying maintenance by eliminating the costs associated with traditional heating systems. Residents benefit from off-street parking, with almost one space available per unit. The building's proximity to Roslindale Village station and multiple MBTA Bus routes ensures convenient access to the wider Boston. The current cap rate is over 5%, with potential for revenue enhancements through possible rent increases.

Property Details tap to expand

Property Information

  • Type: 5+ Residential
  • Location: Legal Conforming
  • MLS ID#: 73344870

Financial

  • Gross Annual Expenses: 54087
  • Gross Annual Income: 368688
  • Net Operating Income: 314601

Building Information

  • Total SQFT: 13800
  • Total Restrooms: 16

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/12/2025New$5,999,999$435MLSPIN
03/12/2025New$5,999,999$435MLSPIN

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Seller's Representative: Daniel S. Lee, Boston Plex
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-12 22:34:00