This Property is No Longer Available
40 Stellman Road, Boston, MA 02131
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$1,220,000
*Sale Price
3 Unit
9 Beds
6 Baths
2769 SQFT
0.08 Acre

Property Description

Deal Alert! 2023-2024 LEASES ARE SIGNED AND THIS ONE PRICES OUT AT A 7 CAP! Having undergone an extensive renovation in 2015, this fully leased three family features (3) 3 bedroom/1.5 bath residences each with central A/C, dark stained hardwood floors, shaker kitchen's with granite counters, stainless appliances, gas cooking and a tile backsplash. The bedrooms and living spaces have crown moldings and the main bathroom is tile. There is a spacious rear deck for each unit, and there is driveway parking and a rear patio as well. Full basement with coin-op laundry. All units on lease to 8/31/2024. Convenient location close to Roslindale Village, bus routes and the T. The hard work is all done. Just buy it and collect rents! Rent roll and financials available. Call for a private showing today.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Total Half Baths: 3
  • Amenities: Golf Course, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 109920
  • Gross Expenses: 19260
  • Net Operating Income: 90660

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Other Rooms: Kitchen, Living Room
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Heating: Forced Air, Oil
  • Cooling: Central Air
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73090023
  • Last Updated: 10/04/23

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/04/2023Sold$1,220,000$441MLSPIN
07/23/2023Active$1,275,000$460MLSPIN
07/19/2023Extended$1,275,000$460MLSPIN
07/07/2023Active$1,275,000$460MLSPIN
07/03/2023Price Change$1,275,000$460MLSPIN
04/11/2023Active$1,295,000$468MLSPIN
04/07/2023Price Change$1,295,000$468MLSPIN
03/26/2023Active$1,350,000$488MLSPIN
03/22/2023New$1,350,000$488MLSPIN
10/18/2022Canceled$1,350,000$488MLSPIN
09/23/2022Active$1,295,000$468MLSPIN
09/19/2022Price Change$1,295,000$468MLSPIN
06/19/2022Active$1,325,000$479MLSPIN
06/15/2022Price Change$1,325,000$479MLSPIN
06/07/2022Active$1,350,000$488MLSPIN
06/07/2022Active$1,325,000$479MLSPIN
06/03/2022Back on Market$1,350,000$488MLSPIN
05/27/2022Under Agreement$1,350,000$488MLSPIN
05/13/2022Contingent$1,350,000$488MLSPIN
05/05/2022Active$1,350,000$488MLSPIN

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Seller's Representative: The Residential Group, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.25
Facilitator Compensation: 2.25
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2023-10-04 13:51:00

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