This Property is No Longer Available
92 Maple, Boston, MA 02121
View Map
$1,260,000
*Sale Price
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 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: 04/04/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/04/2024Sold$1,260,000$227MLSPIN
02/28/2024Under Agreement$1,375,000$247MLSPIN
02/07/2024Active$1,375,000$247MLSPIN
02/03/2024New$1,375,000$247MLSPIN

Mortgage Calculator

View Breakdown

Map

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

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-04-04 22:15:00

Related Properties