92 Maple, Boston, MA 02121
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$1,375,000
3 Unit
13 Beds
4 Baths
5559 SQFT
0.18 Acre

Property Description

Unveiling 92 Maple Street – A Victorian treasure with unparalleled value! This property sets a new standard for value in the market, standing as the best-priced 3-family in the area. Boasting one of the most competitive prices per square foot, it offers remarkable returns and investment potential. This fully leased turnkey operation is not just a property; it's a strategic investment opportunity. With a cap rate exceeding 7% and an impressive cash-on-cash return, this gem ensures immediate returns and long-term growth. Currently configured as a 3-unit, multi-family residence featuring 12 bedrooms and 3 bathrooms, the property gained approval from Boston's Board of Appeal on 2/26/2019, for a transformative conversion into a five-unit dwelling. Imagine four 2-bedroom/2-bathroom units and one 3-bedroom/2-bathroom unit, offering a range of possibilities. With strategic access to both the Orange and Red Lines, situated between Route 93 and the Massachusetts Turnpike. Buy & Hold or build!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 13
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full
  • Common Rooms: Other (See Remarks)
  • Common Interior Features: Other (See Remarks)
  • Common Appliances: Other (See Remarks)
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Expenses Source: Projected
  • Gross Operating Income: 126400
  • Gross Expenses: 101386
  • Electric Expenses: 750
  • Water/Sewer: 6500
  • INSC: 4400
  • Repairs & Maintenance: 4200
  • Net Operating Income: 25014

Utilities

  • Electric Info: Other (See Remarks)
  • Utility Connections: for Gas Range
  • 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: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1916
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Other (See Remarks), Vinyl, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73199231
  • Last Updated: 02/15/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/07/2024Active$1,375,000$247MLSPIN
02/03/2024New$1,375,000$247MLSPIN

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Seller's Representative: Zachary Conley, NextGen Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 1
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-02-15 18:07:00

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